Swedbank AB (publ) (OTCMKTS:SWDBY) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Swedbank AB (publ) (OTCMKTS:SWDBY) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of SEK 24.08 and traded as low as SEK 22.69. Swedbank AB (publ) shares last traded at SEK 22.98, with a volume of 14,400 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SWDBY shares. Barclays lowered Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Monday, February 3rd. Citigroup downgraded shares of Swedbank AB (publ) from a “strong-buy” rating to a “hold” rating in a research report on Monday.

Swedbank AB (publ) Stock Performance

The company has a debt-to-equity ratio of 3.63, a current ratio of 1.52 and a quick ratio of 1.50. The company has a market cap of $22.70 billion, a PE ratio of 6.89, a P/E/G ratio of 0.93 and a beta of 0.79. The company’s fifty day moving average price is SEK 24.03 and its 200 day moving average price is SEK 21.56.

Swedbank AB (publ) (OTCMKTS:SWDBY) last released its 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 net margin of 23.64% and a return on equity of 16.95%. On average, equities research analysts predict that Swedbank AB will post 2.34 earnings per share 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 paid a dividend of $1.9773 per share. This is a positive change from Swedbank AB (publ)’s previous dividend of $1.48. The ex-dividend date is Friday, March 28th. Swedbank AB (publ)’s payout ratio is presently 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.