Swedbank AB (publ) (OTCMKTS:SWDBY) Posts Earnings Results

Swedbank AB (publ) (OTCMKTS:SWDBY) issued its earnings results on Thursday. The financial services provider reported SEK 0.70 earnings per share (EPS) 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) Stock Up 4.4 %

SWDBY traded up SEK 0.91 during midday trading on Thursday, reaching SEK 21.68. The company’s stock had a trading volume of 54,400 shares, compared to its average volume of 29,977. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 4.28. The stock’s 50-day moving average is SEK 19.99 and its 200-day moving average is SEK 20.40. Swedbank AB has a 1 year low of SEK 18.52 and a 1 year high of SEK 22.84. The firm has a market capitalization of $24.40 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 0.88 and a beta of 0.91.

Wall Street Analysts Forecast Growth

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

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.