Swedbank (OTCMKTS:SWDBY) Sees Large Volume Increase – Time to Buy?

Swedbank AB (OTCMKTS:SWDBY) saw unusually-strong trading volume on Wednesday . Approximately 41,379 shares changed hands during mid-day trading, an increase of 78% from the previous session’s volume of 23,275 shares.The stock last traded at SEK 35.68 and had previously closed at SEK 35.48.

Analysts Set New Price Targets

SWDBY has been the topic of several research reports. Zacks Research raised shares of Swedbank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a research note on Thursday, February 12th. Barclays reaffirmed an “underweight” rating on shares of Swedbank in a report on Wednesday, December 10th. Citigroup reissued a “neutral” rating on shares of Swedbank in a research note on Tuesday, January 20th. Finally, The Goldman Sachs Group lowered shares of Swedbank from a “hold” rating to a “sell” rating in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Swedbank presently has a consensus rating of “Reduce”.

Swedbank Stock Performance

The company has a debt-to-equity ratio of 3.42, a current ratio of 1.51 and a quick ratio of 1.50. The stock has a market cap of $40.46 billion, a PE ratio of 12.15 and a beta of 0.69. The business has a 50 day moving average price of SEK 37.95 and a two-hundred day moving average price of SEK 33.88.

Swedbank (OTCMKTS:SWDBY) last issued its earnings results on Thursday, January 29th. The financial services provider reported SEK 0.77 EPS for the quarter, topping the consensus estimate of SEK 0.67 by SEK 0.10. The company had revenue of SEK 1.84 billion for the quarter, compared to the consensus estimate of SEK 1.79 billion. Swedbank had a net margin of 30.27% and a return on equity of 15.50%. As a group, equities research analysts forecast that Swedbank AB will post 2.34 EPS for the current fiscal year.

About Swedbank

Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank’s operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank’s franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.

Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.