Danske Bank A/S (OTCMKTS:DNKEY) Sets New 12-Month High – Here’s Why

Danske Bank A/S (OTCMKTS:DNKEY)’s stock price hit a new 52-week high on Monday . The company traded as high as $17.87 and last traded at $17.85, with a volume of 19965 shares. The stock had previously closed at $17.78.

Wall Street Analyst Weigh In

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank A/S in a research note on Friday, March 7th.

Danske Bank A/S Trading Up 0.1 %

The company’s fifty day moving average is $16.04 and its 200-day moving average is $15.18. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 7.47. The firm has a market capitalization of $30.32 billion, a P/E ratio of 8.93 and a beta of 0.88.

Danske Bank A/S (OTCMKTS:DNKEY) last released its earnings results on Friday, February 7th. The financial services provider reported $0.51 earnings per share for the quarter. Danske Bank A/S had a net margin of 41.90% and a return on equity of 13.35%. As a group, sell-side analysts anticipate that Danske Bank A/S will post 1.84 earnings per share for the current fiscal year.

Danske Bank A/S Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be issued a $0.7642 dividend. The ex-dividend date is Monday, March 24th. This is a positive change from Danske Bank A/S’s previous dividend of $0.46. Danske Bank A/S’s dividend payout ratio (DPR) is 38.50%.

About Danske Bank A/S

Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers insurance and pension products, mortgage finance and real-estate brokerage services, asset management and trading services in fixed income products, foreign exchange services, and equities.