DNB Bank ASA (OTCMKTS:DNBBY) Reaches New 1-Year High – Time to Buy?

DNB Bank ASA (OTCMKTS:DNBBY) shares hit a new 52-week high on Tuesday . The company traded as high as $29.42 and last traded at $29.38, with a volume of 6997 shares trading hands. The stock had previously closed at $28.76.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Zacks Research upgraded DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a report on Tuesday, October 14th. Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a research note on Friday, January 9th. Finally, The Goldman Sachs Group downgraded DNB Bank ASA from a “buy” rating to a “hold” rating in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

DNB Bank ASA Trading Down 0.3%

The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market capitalization of $42.87 billion, a P/E ratio of 10.63 and a beta of 0.73. The stock has a 50-day moving average price of $27.49 and a two-hundred day moving average price of $26.71.

DNB Bank ASA Company Profile

DNB Bank ASA (OTCMKTS: DNBBY) is Norway’s largest financial services group, offering a broad range of banking, insurance and capital markets services to retail, corporate and institutional clients. The bank’s core activities encompass retail and commercial banking, corporate and investment banking, asset management, life insurance and pension products, as well as payment and card services. DNB provides traditional deposit and lending products, mortgages, savings and wealth management solutions, securities trading, corporate finance and treasury services.

The group operates through several specialized business lines, including DNB Markets for investment banking and capital markets activities and DNB Asset Management for portfolio management and investment funds.