Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as SEK 26.56 and last traded at SEK 26.56, with a volume of 9555 shares trading hands. The stock had previously closed at SEK 26.13.
Analyst Upgrades and Downgrades
Separately, Barclays downgraded Swedbank AB (publ) from a "hold" rating to a "strong sell" rating in a report on Monday, February 3rd.
Read Our Latest Stock Report on Swedbank AB (publ)
Swedbank AB (publ) Trading Down 1.0 %
The firm's 50 day simple moving average is SEK 23.53 and its two-hundred day simple moving average is SEK 21.39. The company has a quick ratio of 1.50, a current ratio of 1.52 and a debt-to-equity ratio of 3.63. The stock has a market cap of $28.92 billion, a P/E ratio of 8.77, a price-to-earnings-growth ratio of 0.93 and a beta of 0.93.
Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) last issued 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 return on equity of 16.95% and a net margin of 23.64%. As a group, equities research analysts predict that Swedbank AB will post 2.34 earnings per share for the current fiscal year.
Swedbank AB (publ) Increases Dividend
The business also recently declared a dividend, which will be paid on Monday, April 14th. Stockholders of record on Friday, March 28th will be paid a $1.9773 dividend. This is a positive change 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 currently 46.08%.
About Swedbank AB (publ)
(
Get Free Report)
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.
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