DNB Bank ASA (OTCMKTS:DNBBY) Reaches New 12-Month High – What’s Next?
by Teresa Graham · The Cerbat GemDNB Bank ASA (OTCMKTS:DNBBY – Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $29.34 and last traded at $28.2850, with a volume of 1357 shares trading hands. The stock had previously closed at $27.74.
Analyst Ratings Changes
DNBBY has been the subject of several research analyst reports. Zacks Research raised shares of DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. The Goldman Sachs Group cut DNB Bank ASA from a “buy” rating to a “hold” rating in a report on Thursday, December 4th. Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a research report on Tuesday, September 2nd. Finally, Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.
Get Our Latest Report on DNBBY
DNB Bank ASA Stock Performance
The stock’s 50-day simple moving average is $26.46 and its 200-day simple moving average is $26.60. The stock has a market cap of $41.77 billion, a price-to-earnings ratio of 10.36 and a beta of 0.75. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 3.42.
DNB Bank ASA (OTCMKTS:DNBBY – Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $0.69 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.69. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.23 billion. DNB Bank ASA had a net margin of 21.20% and a return on equity of 15.17%. Analysts forecast that DNB Bank ASA will post 2.43 earnings per share for the current fiscal year.
DNB Bank ASA Company Profile
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.