Swedbank AB (publ) (OTCMKTS:SWDBY) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Swedbank AB (publ) (OTCMKTS:SWDBY) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-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 traded.

Analysts Set New Price Targets

Separately, Barclays downgraded shares of 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 firm has a 50-day simple moving average of SEK 24.08 and a two-hundred day simple moving average of SEK 21.56. The company has a current ratio of 1.52, a quick ratio of 1.50 and a debt-to-equity ratio of 3.63. The company has a market capitalization of $25.85 billion, a price-to-earnings ratio of 7.84, a price-to-earnings-growth ratio of 0.93 and a beta of 0.93.

Swedbank AB (publ) (OTCMKTS:SWDBY) last released its quarterly earnings data on Thursday, January 23rd. The financial services provider reported SEK 0.70 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, sell-side analysts forecast that Swedbank AB will post 2.34 earnings per share for the current fiscal year.

Swedbank AB (publ) Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, April 14th. Stockholders of record on Friday, March 28th will be issued a dividend of $1.9773 per share. 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%.

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.