DNB Bank ASA (OTCMKTS:DNBBY) Hits New 12-Month High – What’s Next?

DNB Bank ASA (OTCMKTS:DNBBY) shares reached a new 52-week high on Tuesday . The stock traded as high as $33.84 and last traded at $33.74, with a volume of 1707 shares trading hands. The stock had previously closed at $33.67.

Wall Street Analysts Forecast Growth

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

DNB Bank ASA Price Performance

The company’s 50 day moving average price is $31.22 and its 200 day moving average price is $31.01. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.70 and a current ratio of 1.70. The company has a market cap of $52.48 billion, a price-to-earnings ratio of 12.09, a P/E/G 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 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.28 billion. DNB Bank ASA had a return on equity of 13.97% and a net margin of 21.34%. On average, equities research analysts predict that DNB Bank ASA will post 2.92 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.