Swedbank AB (publ) (OTCMKTS:SWDBY) Sets New 52-Week High – Here’s What Happened

Swedbank AB (publ) (OTCMKTS:SWDBY) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as SEK 26.56 and last traded at SEK 26.56, with a volume of 9555 shares. The stock had previously closed at SEK 26.13.

Wall Street Analyst Weigh In

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

Swedbank AB (publ) Stock Performance

The stock has a market cap of $29.89 billion, a PE ratio of 9.06, a PEG ratio of 0.93 and a beta of 0.93. The stock has a fifty day simple moving average of SEK 23.07 and a two-hundred day simple moving average of SEK 21.25. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.50 and a current ratio of 1.52.

Swedbank AB (publ) (OTCMKTS:SWDBY) last released its quarterly earnings results on Thursday, January 23rd. The financial services provider reported SEK 0.70 earnings per share for the quarter. Swedbank AB (publ) had a return on equity of 16.95% and a net margin of 23.64%. Equities analysts anticipate that Swedbank AB will post 2.34 EPS for the current fiscal year.

Swedbank AB (publ) Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 14th. Stockholders of record on Friday, March 28th will be paid a dividend of $1.9773 per share. This is a boost from Swedbank AB (publ)’s previous dividend of $1.48. The ex-dividend date of this dividend is Friday, March 28th. Swedbank AB (publ)’s dividend payout ratio is 46.08%.

Swedbank AB (publ) Company Profile

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.