Swedbank (OTCMKTS:SWDBY) Hits New 12-Month High – Still a Buy?

Swedbank AB (OTCMKTS:SWDBY) reached a new 52-week high during trading on Thursday . The company traded as high as SEK 34.97 and last traded at SEK 34.90, with a volume of 8800 shares trading hands. The stock had previously closed at SEK 34.91.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SWDBY. Barclays reiterated an “underweight” rating on shares of Swedbank in a research note on Wednesday, December 10th. The Goldman Sachs Group downgraded shares of Swedbank from a “hold” rating to a “sell” rating in a research report on Thursday, December 4th. Zacks Research raised shares of Swedbank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Morgan Stanley restated an “underweight” rating on shares of Swedbank in a research report on Monday, November 24th. Finally, Citigroup reiterated a “neutral” rating on shares of Swedbank in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Swedbank currently has a consensus rating of “Reduce”.

Swedbank Trading Up 0.1%

The stock has a market cap of $39.30 billion, a PE ratio of 12.08 and a beta of 0.65. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 3.83. The firm has a 50-day simple moving average of SEK 31.87 and a 200-day simple moving average of SEK 29.31.

Swedbank (OTCMKTS:SWDBY) last issued its quarterly earnings data on Thursday, October 23rd. The financial services provider reported SEK 0.79 EPS for the quarter, beating the consensus estimate of SEK 0.64 by SEK 0.15. The company had revenue of SEK 1.80 billion during the quarter, compared to analysts’ expectations of SEK 1.73 billion. Swedbank had a net margin of 26.30% and a return on equity of 15.55%. Equities analysts forecast that Swedbank AB will post 2.34 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.