DNB Bank ASA (OTCMKTS:DNBBY) Hits New 52-Week High – Here’s What Happened

Shares of DNB Bank ASA (OTCMKTS:DNBBY) hit a new 52-week high during trading on Monday . The company traded as high as $33.94 and last traded at $33.93, with a volume of 1464 shares trading hands. The stock had previously closed at $33.68.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of DNB Bank ASA in a report on Thursday, July 30th. Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a research report on Wednesday, July 8th. Zacks Research downgraded shares of DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. The Goldman Sachs Group cut shares of DNB Bank ASA from a “hold” rating to a “sell” rating in a report on Monday, July 20th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

DNB Bank ASA Stock Performance

The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 3.51. The company has a 50-day moving average of $31.48 and a 200 day moving average of $31.11. The firm has a market capitalization of $52.78 billion, a PE ratio of 12.16, a PEG ratio of 9.37 and a beta of 0.64.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its earnings results on Tuesday, July 14th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. DNB Bank ASA had a net margin of 21.34% and a return on equity of 13.97%. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.28 billion. Equities research analysts predict that DNB Bank ASA will post 2.92 EPS for the current year.

About DNB Bank ASA

DNB Bank ASA (OTCMKTS: DNBBY) is Norway’s largest financial services group, offering a broad range of banking, insurance and capital markets services to retail, corporate and institutional clients. The bank’s core activities encompass retail and commercial banking, corporate and investment banking, asset management, life insurance and pension products, as well as payment and card services. DNB provides traditional deposit and lending products, mortgages, savings and wealth management solutions, securities trading, corporate finance and treasury services.

The group operates through several specialized business lines, including DNB Markets for investment banking and capital markets activities and DNB Asset Management for portfolio management and investment funds.