Swedbank AB (publ) (OTCMKTS:SWDBY) Downgraded to “Hold” Rating by Citigroup

Citigroup downgraded shares of Swedbank AB (publ) (OTCMKTS:SWDBY) from a strong-buy rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Barclays downgraded shares of Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Monday, February 3rd.

Swedbank AB (publ) Stock Up 0.9 %

SWDBY stock opened at SEK 22.98 on Monday. The stock 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. The company has a 50-day moving average of SEK 24.08 and a two-hundred day moving average of SEK 21.56. Swedbank AB has a 52-week low of SEK 18.52 and a 52-week high of SEK 26.56. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.52 and a quick ratio of 1.50.

Swedbank AB (publ) (OTCMKTS:SWDBY) last released 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%. As a group, equities research analysts anticipate that Swedbank AB will post 2.34 EPS for the current year.

Swedbank AB (publ) Increases Dividend

The company 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. The ex-dividend date of this dividend 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 46.08%.

About Swedbank AB (publ)

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.