Swedbank AB (publ) (OTCMKTS:SWDBY) Reaches New 12-Month High – Still a Buy?

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 trading hands. The stock had previously closed at SEK 23.88.

Wall Street Analyst Weigh In

Separately, Barclays cut shares of 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 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 fifty day moving average price of SEK 21.90 and a 200-day moving average price of SEK 20.92. The firm has a market cap of $27.71 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 0.93 and a beta of 0.92.

Swedbank AB (publ) (OTCMKTS:SWDBY) last announced its quarterly earnings data 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%. On average, analysts expect that Swedbank AB will post 2.34 earnings per share for the current fiscal year.

Swedbank AB (publ) Increases Dividend

The firm also recently disclosed 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 a positive change from Swedbank AB (publ)’s previous dividend of $1.48. Swedbank AB (publ)’s payout ratio is currently 46.08%.

About Swedbank AB (publ)

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.