DNB Bank ASA (OTCMKTS:DNBBY) Hits New 1-Year High – Time to Buy?

DNB Bank ASA (OTCMKTS:DNBBY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $27.60 and last traded at $26.98, with a volume of 24207 shares traded. The stock had previously closed at $26.70.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DNBBY shares. Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a research note on Friday, March 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of DNB Bank ASA in a report on Tuesday, May 13th. Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a research note on Thursday, April 24th. Finally, Barclays reaffirmed an “overweight” rating on shares of DNB Bank ASA in a research note on Thursday, March 6th.

DNB Bank ASA Stock Performance

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 company has a market cap of $41.83 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 8.45 and a beta of 1.03. The business has a fifty day simple moving average of $25.22 and a two-hundred day simple moving average of $22.61.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $21.24 billion. DNB Bank ASA had a return on equity of 15.79% and a net margin of 20.70%. Research analysts anticipate that DNB Bank ASA will post 2.43 earnings per share for the current year.

DNB Bank ASA Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 5th were given a dividend of $1.2311 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a yield of 4.76%. DNB Bank ASA’s dividend payout ratio is presently 42.55%.

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.