Swedbank AB (publ) (OTCMKTS:SWDBY) Announces Quarterly Earnings Results

Swedbank AB (publ) (OTCMKTS:SWDBY) released its quarterly earnings data on Thursday. The financial services provider reported SEK 0.70 earnings per share for the quarter, Zacks reports. Swedbank AB (publ) had a net margin of 25.27% and a return on equity of 17.38%.

Swedbank AB (publ) Trading Up 4.4 %

OTCMKTS:SWDBY traded up SEK 0.91 on Thursday, hitting SEK 21.68. The stock had a trading volume of 54,400 shares, compared to its average volume of 29,977. The company has a fifty day moving average price of SEK 19.99 and a two-hundred day moving average price of SEK 20.40. Swedbank AB has a 1-year low of SEK 18.52 and a 1-year high of SEK 22.84. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 4.28. The stock has a market cap of $24.40 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 0.88 and a beta of 0.91.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Swedbank AB (publ) to a “hold” rating in a report on Friday, September 27th.

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.