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

Swedbank AB (publ) (OTCMKTS:SWDBY)’s share price 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 changing hands.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Barclays lowered shares of Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd. Citigroup lowered shares of Swedbank AB (publ) from a “strong-buy” rating to a “hold” rating in a report on Monday.

Swedbank AB (publ) Trading Down 10.6 %

The company has a market cap of $22.70 billion, a P/E ratio of 6.89, a PEG ratio of 0.93 and a beta of 0.79. 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 stock’s 50 day moving average is SEK 24.03 and its 200-day moving average is SEK 21.56.

Swedbank AB (publ) (OTCMKTS:SWDBY) last announced its 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%. Research analysts anticipate that Swedbank AB will post 2.34 earnings per share for the current fiscal year.

Swedbank AB (publ) Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, April 14th. Investors of record on Friday, March 28th will be given 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 dividend payout ratio 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.