Swedbank AB (publ) (OTCMKTS:SWDBY) Sees Large Increase in Short Interest

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 21,300 shares, a growth of 32.3% from the February 13th total of 16,100 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 54,300 shares, the short-interest ratio is presently 0.4 days.

Swedbank AB (publ) Stock Down 1.7 %

Shares of Swedbank AB (publ) stock traded down SEK 0.46 on Thursday, reaching SEK 26.11. The stock had a trading volume of 21,800 shares, compared to its average volume of 23,435. Swedbank AB has a 1 year low of SEK 18.52 and a 1 year high of SEK 26.56. The company has a 50 day moving average price of SEK 23.31 and a 200 day moving average price of SEK 21.32. 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 capitalization of $29.38 billion, a P/E ratio of 8.91, a P/E/G ratio of 0.93 and a beta of 0.93.

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) last issued its quarterly earnings results 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, equities research analysts forecast that Swedbank AB will post 2.34 EPS for the current year.

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Swedbank AB (publ) Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, April 14th. Shareholders of record on Friday, March 28th will be issued a $1.9773 dividend. The ex-dividend date is Friday, March 28th. This is an increase from Swedbank AB (publ)'s previous dividend of $1.48. Swedbank AB (publ)'s dividend payout ratio (DPR) is currently 46.08%.

Analyst Ratings Changes

Separately, Barclays cut Swedbank AB (publ) from a "hold" rating to a "strong sell" rating in a research note on Monday, February 3rd.

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.