Danske Bank (OTCMKTS:DNKEY) Sees Large Volume Increase – Here’s What Happened

Danske Bank (OTCMKTS:DNKEY) shares saw unusually-high trading volume on Wednesday . Approximately 232,814 shares changed hands during trading, an increase of 320% from the previous session’s volume of 55,472 shares.The stock last traded at $27.29 and had previously closed at $26.75.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Jefferies Financial Group reissued a “hold” rating on shares of Danske Bank in a report on Wednesday, April 8th. Barclays reiterated an “overweight” rating on shares of Danske Bank in a research report on Thursday, April 9th. Citigroup reissued a “buy” rating on shares of Danske Bank in a research note on Wednesday, May 6th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Danske Bank in a research report on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Danske Bank Price Performance

The company has a 50-day moving average of $25.75 and a 200 day moving average of $25.33. The company has a debt-to-equity ratio of 7.44, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market cap of $44.05 billion, a P/E ratio of 12.44 and a beta of 0.60.

Danske Bank (OTCMKTS:DNKEY) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Danske Bank had a return on equity of 13.14% and a net margin of 40.38%.The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. On average, sell-side analysts anticipate that Danske Bank will post 2.26 EPS for the current year.

About Danske Bank

Danske Bank A/S is a major Danish banking group headquartered in Copenhagen. The firm traces its origins to the 19th century and has grown through mergers and organic expansion into one of the region’s largest financial institutions. Its shares are primarily listed on Nasdaq Copenhagen, and American investors may encounter the bank’s ADR trading on the U.S. over-the-counter market under the symbol DNKEY.

The bank provides a broad range of financial products and services across retail, commercial and institutional segments.