Swedbank (OTCMKTS:SWDBY) Sees Strong Trading Volume – What’s Next?

Swedbank AB (OTCMKTS:SWDBY – Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 103,880 shares changed hands during mid-day trading, an increase of 271% from the previous session’s volume of 28,007 shares.The stock last traded at SEK 37.78 and had previously closed at SEK 37.11.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Citigroup reissued a “neutral” rating on shares of Swedbank in a research report on Thursday, May 7th. Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a research report on Tuesday, May 12th. Finally, Zacks Research cut Swedbank from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Sell”.

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Check Out Our Latest Analysis on Swedbank

Swedbank Stock Down 0.1%

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 capitalization of $41.66 billion, a P/E ratio of 12.39, a P/E/G ratio of 1.94 and a beta of 0.69. The firm has a 50-day simple moving average of SEK 35.68 and a 200 day simple moving average of SEK 35.98.

Swedbank (OTCMKTS:SWDBY – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported SEK 0.71 EPS for the quarter. The company had revenue of SEK 1.87 billion for the quarter. Swedbank had a net margin of 30.22% and a return on equity of 15.02%. On average, equities research analysts forecast that Swedbank AB will post 3.07 EPS for the current year.

About Swedbank

(Get Free Report)

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.

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