DNB Bank ASA (OTCMKTS:DNBBY) Hits New 52-Week High – Time to Buy?

Shares of DNB Bank ASA (OTCMKTS:DNBBY) reached a new 52-week high during trading on Tuesday . The stock traded as high as $23.67 and last traded at $23.34, with a volume of 35248 shares trading hands. 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 stock 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 stock’s fifty day moving average is $21.19 and its two-hundred day moving average is $20.83.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.74 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, research 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 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.