DNB Bank ASA (OTCMKTS:DNBBY) Sets New 1-Year High – Should You Buy?

DNB Bank ASA (OTCMKTS:DNBBY)’s stock price hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $35.15 and last traded at $35.12, with a volume of 3,293 shares changing hands. The stock had previously closed at $34.2350.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a research note on Friday, October 9th. Arctic Securiti upgraded shares of DNB Bank ASA to a “strong-buy” rating in a report on Thursday, October 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of DNB Bank ASA in a report on Wednesday, September 16th. Barclays downgraded shares of DNB Bank ASA from an “overweight” rating to a “strong sell” rating in a research report on Friday, October 9th. Finally, The Goldman Sachs Group cut shares of DNB Bank ASA from a “hold” rating to a “sell” rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

DNB Bank ASA Price Performance

The firm has a market cap of $54.08 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 9.80 and a beta of 0.68. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a 50-day simple moving average of $33.48 and a 200 day simple moving average of $31.48.

DNB Bank ASA (OTCMKTS:DNBBY) last released its earnings results on Wednesday, October 21st. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.21 billion. DNB Bank ASA had a net margin of 21.06% and a return on equity of 13.69%. As a group, equities analysts expect that DNB Bank ASA will post 2.84 EPS for the current year.

DNB Bank ASA Company Profile

DNB Bank ASA is a Norway-based financial services company and the principal banking subsidiary of DNB ASA, Norway’s largest financial group. The bank provides a broad range of services to individuals, businesses, institutional clients and public-sector organizations, including deposits, lending, mortgages, payment services, cards and everyday banking through digital and physical channels.

DNB also serves corporate and institutional customers with financing, cash management, trade finance, foreign exchange, investment banking and capital-markets services.