DNB Bank ASA (OTCMKTS:DNBBY) Reaches New 52-Week High – Here’s Why

DNB Bank ASA (OTCMKTS:DNBBY) hit a new 52-week high during trading on Monday . The stock traded as high as $24.67 and last traded at $24.44, with a volume of 25906 shares traded. The stock had previously closed at $24.56.

Wall Street Analyst Weigh In

Several research firms have recently commented on DNBBY. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a research report on Friday. Barclays reiterated an “overweight” rating on shares of DNB Bank ASA in a report on Thursday.

DNB Bank ASA Price Performance

The company has a market capitalization of $36.48 billion, a P/E ratio of 8.95, a PEG ratio of 8.45 and a beta of 1.32. The company has a quick ratio of 1.42, a current ratio of 1.48 and a debt-to-equity ratio of 3.57. The business has a 50 day simple moving average of $21.60 and a 200-day simple moving average of $20.94.

DNB Bank ASA (OTCMKTS:DNBBY) last released its earnings results on Wednesday, February 5th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.12. DNB Bank ASA had a net margin of 20.70% and a return on equity of 15.79%. Analysts predict that DNB Bank ASA will post 2.43 EPS for the current fiscal year.

About DNB Bank ASA

DNB Bank ASA provides financial services for individual and business customers in Norway and internationally. The company offers savings, current, and pension accounts; fixed rate and security deposits; home and cabin mortgages, car and consumer loans, business loans, and refinancing; car, house, home contents, travel, personal, and non-life insurance product; payment services; and online and mobile banking services, as well as cards.