Swedbank AB (publ) (OTCMKTS:SWDBY) Sets New 52-Week High – Here’s What Happened

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

Wall Street Analysts Forecast Growth

Separately, Barclays downgraded shares of Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Monday, February 3rd.

Swedbank AB (publ) Stock Performance

The stock’s 50 day moving average price is SEK 23.07 and its 200 day moving average price is SEK 21.25. 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 company has a market cap of $29.89 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 0.93 and a beta of 0.93.

Swedbank AB (publ) (OTCMKTS:SWDBY) last posted its earnings results 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 fiscal year.

Swedbank AB (publ) Increases Dividend

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