Swedbank AB (publ) (OTCMKTS:SWDBY) Hits New 52-Week High – Still a Buy?

Shares of Swedbank AB (publ) (OTCMKTS:SWDBY) reached a new 52-week high during trading on Tuesday . The stock traded as high as SEK 26.56 and last traded at SEK 26.56, with a volume of 9555 shares traded. The stock had previously closed at SEK 26.13.

Analyst Upgrades and Downgrades

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

Swedbank AB (publ) Stock Performance

The stock has a market cap of $29.22 billion, a price-to-earnings ratio of 8.86, a P/E/G ratio of 0.93 and a beta of 0.93. The company has a current ratio of 1.52, a quick ratio of 1.50 and a debt-to-equity ratio of 3.63. The stock’s 50-day moving average is SEK 23.31 and its 200-day moving average is SEK 21.32.

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

Swedbank AB (publ) Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 14th. Shareholders of record on Friday, March 28th will be given a $1.9773 dividend. This is a positive change from Swedbank AB (publ)’s previous dividend of $1.48. The ex-dividend date of this dividend is Friday, March 28th. Swedbank AB (publ)’s dividend payout ratio is presently 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.