Swedbank (OTCMKTS:SWDBY) Sees Strong Trading Volume – What’s Next?

Swedbank AB (OTCMKTS:SWDBY) shares saw unusually-strong trading volume on Wednesday . Approximately 103,880 shares were traded during trading, an increase of 271% from the previous session’s volume of 28,007 shares.The stock last traded at SEK 37.78 and had previously closed at SEK 37.11.

Analyst Ratings Changes

Several equities research analysts have recently commented on SWDBY shares. Zacks Research cut shares of Swedbank from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. Citigroup restated a “neutral” rating on shares of Swedbank in a report on Thursday, May 7th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Strong Sell”.

Swedbank Stock Down 0.1%

The firm has a 50 day simple moving average of SEK 35.68 and a two-hundred day simple moving average of SEK 35.98. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.51 and a quick ratio of 1.50. The stock has a market cap of $41.66 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 1.94 and a beta of 0.69.

Swedbank (OTCMKTS:SWDBY) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported SEK 0.71 EPS for the quarter. The company had revenue of SEK 1.87 billion during the quarter. Swedbank had a return on equity of 15.02% and a net margin of 30.22%. As a group, sell-side 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.