DNB Bank ASA (OTCMKTS:DNBBY) Sets New 12-Month High After Earnings Beat

DNB Bank ASA (OTCMKTS:DNBBY) hit a new 52-week high during mid-day trading on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $22.07 and last traded at $21.86, with a volume of 33346 shares. The stock had previously closed at $20.68.

The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. The firm had revenue of $2.14 billion for the quarter. DNB Bank ASA had a return on equity of 14.24% and a net margin of 18.94%.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised DNB Bank ASA to a “hold” rating in a research report on Friday, October 11th.

DNB Bank ASA Price Performance

The firm has a market cap of $32.81 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 1.51 and a beta of 1.30. The stock’s 50-day moving average is $20.62 and its 200-day moving average is $19.90. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 3.37.

DNB Bank ASA Company Profile

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.