Swedbank (SWDBY) Lowered to Strong Sell at ValuEngine

ValuEngine lowered shares of Swedbank (OTCMKTS:SWDBY) from a sell rating to a strong sell rating in a research note released on Monday, April 1st, ValuEngine reports.

SWDBY has been the topic of a number of other research reports. Zacks Investment Research raised shares of Swedbank from a sell rating to a hold rating in a research note on Friday, January 18th. Keefe, Bruyette & Woods reiterated a mkt perform rating on shares of Swedbank in a research report on Wednesday, February 27th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock currently has a consensus rating of Hold.

Shares of SWDBY stock traded up $0.32 during mid-day trading on Monday, hitting $16.21. The company had a trading volume of 98,733 shares, compared to its average volume of 79,848. Swedbank has a 52-week low of $14.05 and a 52-week high of $25.15. The company has a market capitalization of $18.05 billion, a PE ratio of 7.57 and a beta of 0.52.

Swedbank (OTCMKTS:SWDBY) last released its earnings results on Tuesday, January 29th. The financial services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Swedbank had a net margin of 38.87% and a return on equity of 16.85%. As a group, equities analysts expect that Swedbank will post 2 EPS for the current fiscal year.

The company also recently disclosed an annual dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a dividend of $1.263 per share. This represents a yield of 6.8%. The ex-dividend date of this dividend was Friday, March 29th. Swedbank’s dividend payout ratio (DPR) is 59.35%.

Swedbank Company Profile

Swedbank AB (publ) provides various banking products and services to private, corporate, and organizational customers. The company operates through Swedish Banking, Baltic Banking, and Large Corporates & Institutions segments. It offers deposit and lending products; guarantees; non-life insurance products; brokerage and other securities; real estate brokerage; and asset management, financing, and life insurance and pension services.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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