Swedbank (OTCMKTS:SWDBY) Sets New 1-Year High – Time to Buy?

Swedbank AB (OTCMKTS:SWDBY) shares reached a new 52-week high on Tuesday . The company traded as high as SEK 30.22 and last traded at SEK 30.21, with a volume of 8900 shares traded. The stock had previously closed at SEK 30.05.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group cut shares of Swedbank from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 6th. Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a report on Tuesday, September 2nd. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Swedbank Price Performance

The firm has a market cap of $34.41 billion, a P/E ratio of 10.54 and a beta of 0.70. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.47 and a quick ratio of 1.47. The company’s 50-day moving average is SEK 28.55 and its two-hundred day moving average is SEK 26.28.

Swedbank (OTCMKTS:SWDBY) last released its earnings results on Thursday, July 17th. The financial services provider reported SEK 0.72 EPS for the quarter. Swedbank had a net margin of 25.22% and a return on equity of 16.12%. The firm had revenue of SEK 1.76 billion for the quarter. Sell-side analysts anticipate that Swedbank AB will post 2.34 EPS for the current fiscal year.

About Swedbank

Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.