Swedbank (OTCMKTS:SWDBY) Stock Price Down 0.7% – Should You Sell?
by Teresa Graham · The Cerbat GemShares of Swedbank AB (OTCMKTS:SWDBY – Get Free Report) fell 0.7% during mid-day trading on Wednesday . The company traded as low as SEK 37.40 and last traded at SEK 37.75. Approximately 18,300 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 28,306 shares. The stock had previously closed at SEK 38.02.
Analyst Upgrades and Downgrades
Several research firms have recently commented on SWDBY. Citigroup restated a “neutral” rating on shares of Swedbank in a report on Tuesday. Zacks Research cut Swedbank from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a research report on Wednesday, June 24th. Two investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Strong Sell”.
Check Out Our Latest Stock Analysis on Swedbank
Swedbank Price Performance
The stock has a market cap of $42.44 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 2.01 and a beta of 0.69. The business has a fifty day moving average of SEK 36.22 and a 200 day moving average of SEK 36.49.
Swedbank (OTCMKTS:SWDBY – Get Free Report) last posted its earnings results on Wednesday, April 29th. The financial services provider reported SEK 0.71 earnings per share (EPS) for the quarter. The firm had revenue of SEK 1.87 billion during the quarter. Swedbank had a net margin of 30.22% and a return on equity of 15.02%. On average, analysts expect that Swedbank AB will post 3.07 EPS for the current 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.