Swedbank AB (publ) (OTCMKTS:SWDBY) Short Interest Update

Swedbank AB (publ) (OTCMKTS:SWDBY) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 29,800 shares, a growth of 562.2% from the March 15th total of 4,500 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 43,700 shares, the short-interest ratio is presently 0.7 days.

Swedbank AB (publ) Stock Up 0.5 %

Shares of OTCMKTS SWDBY traded up SEK 0.10 during mid-day trading on Monday, hitting SEK 22.12. The company had a trading volume of 32,153 shares, compared to its average volume of 29,015. Swedbank AB has a 1-year low of SEK 18.52 and a 1-year high of SEK 26.56. The company has a market capitalization of $24.89 billion, a PE ratio of 7.55, a price-to-earnings-growth ratio of 0.93 and a beta of 0.78. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.52 and a quick ratio of 1.50. The business’s 50-day simple moving average is SEK 23.84 and its 200 day simple moving average is SEK 21.51.

Swedbank AB (publ) (OTCMKTS:SWDBY) last released its quarterly earnings data on Thursday, January 23rd. The financial services provider reported SEK 0.70 earnings per share for the quarter. Swedbank AB (publ) had a net margin of 23.64% and a return on equity of 16.95%. On average, analysts predict that Swedbank AB will post 2.34 earnings per share for the current year.

Swedbank AB (publ) Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 14th. Stockholders of record on Friday, March 28th will be paid a dividend of $1.9773 per share. This is an increase from Swedbank AB (publ)’s previous dividend of $1.48. The ex-dividend date is Friday, March 28th. Swedbank AB (publ)’s dividend payout ratio is 68.94%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Hsbc Global Res downgraded shares of Swedbank AB (publ) from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Citigroup lowered shares of Swedbank AB (publ) from a “strong-buy” rating to a “hold” rating in a report on Monday, March 31st. Finally, Barclays cut Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a report on Monday, February 3rd.

About Swedbank AB (publ)

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.