Swedbank (OTCMKTS:SWDBY) Posts Earnings Results, Beats Estimates By $0.03 EPS

Swedbank (OTCMKTS:SWDBY) announced its earnings results on Thursday. The financial services provider reported SEK 0.76 earnings per share for the quarter, topping the consensus estimate of SEK 0.73 by SEK 0.03, Zacks reports. Swedbank had a net margin of 28.94% and a return on equity of 14.76%. The firm had revenue of SEK 1.86 billion for the quarter.

Swedbank Trading Down 0.9%

Shares of OTCMKTS:SWDBY opened at SEK 38.12 on Friday. Swedbank has a 52 week low of SEK 29.80 and a 52 week high of SEK 42.36. The company’s 50 day moving average is SEK 40.19 and its two-hundred day moving average is SEK 38.07. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.25. The company has a market cap of $42.86 billion, a PE ratio of 13.05, a P/E/G ratio of 2.80 and a beta of 0.71.

Analysts Set New Price Targets

SWDBY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Swedbank in a research report on Wednesday, September 16th. Zacks Research cut Swedbank from a “hold” rating to a “strong sell” rating in a research note on Friday, September 11th. Barclays upgraded Swedbank from a “cautious” rating to an “overweight” rating in a report on Friday, October 9th. The Goldman Sachs Group raised Swedbank from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Citigroup restated a “neutral” rating on shares of Swedbank in a report on Monday, October 12th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Swedbank currently has a consensus rating of “Hold”.

Swedbank Company Profile

Swedbank AB is a Swedish banking group that provides financial services to private individuals, businesses and institutional customers. Its main activities include deposit accounts, consumer and mortgage lending, business financing, payment services, card products, investment services and insurance-related offerings.

The bank serves customers primarily in Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Through its digital channels, branches and other distribution networks, Swedbank offers everyday banking, savings and investment products, as well as services for corporate cash management, payments and capital financing.

Swedbank’s history is rooted in Sweden’s savings-bank movement, which dates back to the early 19th century.