Swedbank (OTCMKTS:SWDBY) Shares Gap Down – Should You Sell?

Swedbank AB (OTCMKTS:SWDBY) gapped down before the market opened on Wednesday . The stock had previously closed at SEK 34.91, but opened at SEK 33.90. Swedbank shares last traded at SEK 34.84, with a volume of 1,184 shares.

Analyst Ratings Changes

A number of equities analysts have issued reports on SWDBY shares. Citigroup restated a “neutral” rating on shares of Swedbank in a report on Tuesday, October 14th. Zacks Research upgraded shares of Swedbank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. The Goldman Sachs Group cut shares of Swedbank from a “hold” rating to a “sell” rating in a report on Thursday, December 4th. Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a research note on Monday, November 24th. Finally, Barclays reissued an “underweight” rating on shares of Swedbank in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Swedbank Stock Down 0.0%

The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.50 and a current ratio of 1.50. The stock’s 50 day simple moving average is SEK 31.78 and its 200 day simple moving average is SEK 29.25. The firm has a market cap of $39.27 billion, a P/E ratio of 12.07 and a beta of 0.65.

Swedbank (OTCMKTS:SWDBY) last released its quarterly earnings data on Thursday, October 23rd. The financial services provider reported SEK 0.79 earnings per share for the quarter, beating analysts’ consensus estimates of SEK 0.64 by SEK 0.15. The firm had revenue of SEK 1.80 billion for the quarter, compared to analyst estimates of SEK 1.73 billion. Swedbank had a net margin of 26.30% and a return on equity of 15.55%. Research analysts anticipate that Swedbank AB will post 2.34 EPS for the current year.

Swedbank Company Profile

Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank’s operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank’s franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.

Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.