Swedbank AB (publ) (OTCMKTS:SWDBY) Reaches New 52-Week High – Here’s Why

Shares of Swedbank AB (publ) (OTCMKTS:SWDBY) reached a new 52-week high during trading on Monday . The company traded as high as SEK 24.85 and last traded at SEK 24.62, with a volume of 12505 shares. The stock had previously closed at SEK 23.88.

Analyst Upgrades and Downgrades

Separately, Barclays lowered shares of Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd.

Swedbank AB (publ) Stock Performance

The firm has a fifty day moving average of SEK 21.90 and a 200-day moving average of SEK 20.92. The company has a quick ratio of 1.50, a current ratio of 1.52 and a debt-to-equity ratio of 3.63. The stock has a market capitalization of $27.71 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 0.93 and a beta of 0.92.

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

Swedbank AB (publ) Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, April 14th. Shareholders of record on Friday, March 28th will be issued a $1.9773 dividend. The ex-dividend date is Friday, March 28th. This is an increase from Swedbank AB (publ)’s previous dividend of $1.48. Swedbank AB (publ)’s dividend payout ratio is 46.08%.

Swedbank AB (publ) Company Profile

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.