Swedbank AB (publ) (OTCMKTS:SWDBY) Short Interest Up 86.6% in March

Swedbank AB (publ) (OTCMKTS:SWDBYGet Rating) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 108,400 shares, a growth of 86.6% from the March 15th total of 58,100 shares. Based on an average daily trading volume, of 258,700 shares, the short-interest ratio is presently 0.4 days.

Shares of SWDBY stock remained flat at $$16.47 during trading hours on Friday. 34,440 shares of the stock traded hands, compared to its average volume of 116,184. The company has a 50 day moving average of $16.33 and a 200 day moving average of $19.21. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 4.73. Swedbank AB has a 52 week low of $13.34 and a 52 week high of $23.27. The stock has a market cap of $18.64 billion, a P/E ratio of 7.55, a PEG ratio of 0.28 and a beta of 1.05.

Swedbank AB (publ) (OTCMKTS:SWDBYGet Rating) last issued its quarterly earnings data on Wednesday, February 2nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter. Swedbank AB (publ) had a net margin of 41.52% and a return on equity of 12.96%. The company had revenue of $1.33 billion during the quarter. As a group, sell-side analysts forecast that Swedbank AB will post 1.79 earnings per share for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Monday, April 18th. Stockholders of record on Friday, April 1st will be given a dividend of $0.974 per share. This represents a dividend yield of 9.57%. The ex-dividend date of this dividend is Thursday, March 31st. Swedbank AB (publ)’s dividend payout ratio is 44.95%.

SWDBY has been the topic of several analyst reports. Morgan Stanley cut their price objective on shares of Swedbank AB (publ) from SEK 204 to SEK 200 and set an “equal weight” rating on the stock in a report on Thursday, January 27th. SEB Equities lowered shares of Swedbank AB (publ) from a “buy” rating to a “hold” rating and set a SEK 190 target price on the stock. in a report on Friday, February 4th. Citigroup upgraded shares of Swedbank AB (publ) from a “neutral” rating to a “buy” rating in a report on Monday, April 4th. Pareto Securities upgraded shares of Swedbank AB (publ) from a “hold” rating to a “buy” rating and set a SEK 205 target price on the stock in a report on Tuesday, January 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of Swedbank AB (publ) from SEK 210 to SEK 180 and set an “overweight” rating on the stock in a report on Monday, March 14th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $186.55.

Swedbank AB (publ) Company Profile (Get Rating)

Swedbank AB (publ) provides various banking products and services to individuals and companies. The company operates through Swedish Banking, Baltic Banking, and Large Corporates & Institutions segments. It offers savings, salary, and current accounts; private residential and corporate lending; leasing, factoring, and financing services; consumer, mortgage, acquisition and project, export, and marine financing; mutual funds; and asset management, and life insurance and pension services.

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