DNB Bank ASA (OTCMKTS:DNBBY) Hits New 12-Month High – Here’s Why

Shares of DNB Bank ASA (OTCMKTS:DNBBY) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $25.81 and last traded at $25.80, with a volume of 39219 shares. The stock had previously closed at $25.45.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DNBBY. Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a research report 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 Price Performance

The stock has a market cap of $38.51 billion, a P/E ratio of 9.45, a price-to-earnings-growth ratio of 8.45 and a beta of 1.32. The company has a current ratio of 1.48, a quick ratio of 1.42 and a debt-to-equity ratio of 3.57. The company’s fifty day simple moving average is $22.00 and its 200-day simple moving average is $21.04.

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

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.