DNB Bank ASA (OTCMKTS:DNBBY) Hits New 1-Year High – What’s Next?

DNB Bank ASA (OTCMKTS:DNBBY)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $26.47 and last traded at $26.20, with a volume of 25888 shares changing hands. The stock had previously closed at $25.94.

Analyst Upgrades and Downgrades

DNBBY has been the subject of a number of recent analyst reports. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a research note on Friday, March 7th. Barclays reissued an “overweight” rating on shares of DNB Bank ASA in a report on Thursday, March 6th.

DNB Bank ASA Stock Performance

The company has a quick ratio of 1.42, a current ratio of 1.48 and a debt-to-equity ratio of 3.57. The stock has a market capitalization of $39.10 billion, a PE ratio of 9.60, a PEG ratio of 8.45 and a beta of 1.32. The firm has a 50 day moving average price of $22.69 and a 200-day moving average price of $21.26.

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