DNB Bank ASA (OTCMKTS:DNBBY) Sets New 52-Week High – What’s Next?

DNB Bank ASA (OTCMKTS:DNBBY)’s share price reached a new 52-week high on Tuesday . The company traded as high as $31.02 and last traded at $30.96, with a volume of 13375 shares traded. The stock had previously closed at $30.30.

Analyst Ratings Changes

Several equities analysts have recently commented on DNBBY shares. Pareto Securities lowered DNB Bank ASA from a “buy” rating to a “hold” rating in a research note on Thursday, February 5th. Zacks Research raised shares of DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Morgan Stanley reissued an “underweight” rating on shares of DNB Bank ASA in a research report on Friday, January 9th. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a research note on Tuesday, October 14th. Finally, The Goldman Sachs Group cut DNB Bank ASA from a “buy” rating to a “hold” rating in a report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, DNB Bank ASA presently has a consensus rating of “Hold”.

DNB Bank ASA Stock Performance

The stock’s 50-day moving average is $28.02 and its 200 day moving average is $26.94. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market cap of $45.62 billion, a price-to-earnings ratio of 11.27 and a beta of 0.73.

DNB Bank ASA (OTCMKTS:DNBBY) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.65 by $0.10. DNB Bank ASA had a net margin of 21.00% and a return on equity of 14.91%. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.35 billion. As a group, analysts predict that DNB Bank ASA will post 2.43 earnings per share for the current fiscal year.

About DNB Bank ASA

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.