Swedbank (OTCMKTS:SWDBY) Sees Strong Trading Volume – Here’s Why

Shares of Swedbank AB (OTCMKTS:SWDBY) saw unusually-strong trading volume on Wednesday . Approximately 65,727 shares were traded during trading, an increase of 137% from the previous session’s volume of 27,750 shares.The stock last traded at SEK 39.52 and had previously closed at SEK 39.73.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. The Goldman Sachs Group raised shares of Swedbank from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Swedbank in a research report on Thursday, July 30th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Swedbank in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Swedbank presently has a consensus rating of “Reduce”.

Swedbank Price Performance

The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.25. The firm has a market cap of $44.37 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 2.19 and a beta of 0.68. The company’s 50-day moving average is SEK 38.25 and its 200-day moving average is SEK 37.06.

Swedbank (OTCMKTS:SWDBY) last announced its quarterly earnings data on Friday, July 17th. The financial services provider reported SEK 0.68 earnings per share (EPS) for the quarter. Swedbank had a net margin of 29.45% and a return on equity of 14.84%. The business had revenue of SEK 1.93 billion for the quarter. Equities research analysts predict that Swedbank AB will post 2.97 earnings per share for the current year.

Swedbank Company Profile

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.