Swedbank AB (publ) (OTCMKTS:SWDBY) Short Interest Update

Swedbank AB (publ) (OTCMKTS:SWDBY) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 29,800 shares, a growth of 562.2% from the March 15th total of 4,500 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 43,700 shares, the short-interest ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

SWDBY has been the topic of several research reports. Barclays downgraded Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a report on Monday, February 3rd. Hsbc Global Res downgraded shares of Swedbank AB (publ) from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Finally, Citigroup downgraded Swedbank AB (publ) from a “strong-buy” rating to a “hold” rating in a report on Monday, March 31st.

Swedbank AB (publ) Stock Up 1.3 %

OTCMKTS SWDBY traded up SEK 0.28 on Wednesday, hitting SEK 22.40. The stock had a trading volume of 42,600 shares, compared to its average volume of 29,249. Swedbank AB has a 52-week low of SEK 18.52 and a 52-week high of SEK 26.56. The business’s fifty day moving average price is SEK 23.84 and its 200 day moving average price is SEK 21.53. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.52 and a quick ratio of 1.50. The stock has a market cap of $25.21 billion, a price-to-earnings ratio of 7.65, a price-to-earnings-growth ratio of 0.93 and a beta of 0.78.

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

Swedbank AB (publ) Increases Dividend

The company also recently announced a dividend, which was paid on Monday, April 14th. Stockholders of record on Friday, March 28th were issued a dividend of $1.9773 per share. This is a positive change from Swedbank AB (publ)’s previous dividend of $1.48. The ex-dividend date was Friday, March 28th. Swedbank AB (publ)’s payout ratio is 68.94%.

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.