DNB Bank ASA (OTCMKTS:DNBBY) Hits New 12-Month High – Still a Buy?

DNB Bank ASA (OTCMKTS:DNBBY)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $23.67 and last traded at $23.34, with a volume of 35248 shares traded. The stock had previously closed at $22.94.

DNB Bank ASA Stock Up 1.7 %

The company has a debt-to-equity ratio of 3.57, a current ratio of 1.48 and a quick ratio of 1.42. The firm has a market capitalization of $34.84 billion, a P/E ratio of 8.55, a PEG ratio of 8.45 and a beta of 1.30. The firm’s fifty day moving average price is $21.19 and its 200-day moving average price is $20.83.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. DNB Bank ASA had a return on equity of 15.79% and a net margin of 20.70%. As a group, equities research analysts forecast that DNB Bank ASA will post 2.43 earnings per share for the current 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.