Swedbank AB (publ) (OTCMKTS:SWDBY) Reaches New 52-Week High – Should You Buy?

Shares of Swedbank AB (publ) (OTCMKTS:SWDBY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as SEK 26.50 and last traded at SEK 26.20, with a volume of 18222 shares. The stock had previously closed at SEK 25.91.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a report on Monday, February 3rd.

Swedbank AB (publ) Price Performance

The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.50 and a current ratio of 1.52. The stock has a market capitalization of $28.61 billion, a PE ratio of 8.68, a P/E/G ratio of 0.93 and a beta of 0.93. The company’s fifty day simple moving average is SEK 22.84 and its two-hundred day simple moving average is SEK 21.19.

Swedbank AB (publ) (OTCMKTS:SWDBY) last issued its quarterly earnings data on Thursday, January 23rd. The financial services provider reported SEK 0.70 earnings per share (EPS) for the quarter. Swedbank AB (publ) had a return on equity of 16.95% and a net margin of 23.64%. As a group, sell-side analysts predict that Swedbank AB will post 2.34 EPS for the current year.

Swedbank AB (publ) Increases Dividend

The business also recently disclosed 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 a boost from Swedbank AB (publ)’s previous dividend of $1.48. Swedbank AB (publ)’s dividend payout ratio (DPR) is currently 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.