DNB Bank ASA (OTCMKTS:DNBBY) Sets New 52-Week High – Time to Buy?

DNB Bank ASA (OTCMKTS:DNBBY) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $34.6899 and last traded at $34.64, with a volume of 666 shares traded. The stock had previously closed at $34.45.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of DNB Bank ASA in a research report on Thursday, July 30th. Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a research note on Wednesday, July 8th. Finally, The Goldman Sachs Group cut DNB Bank ASA from a “hold” rating to a “sell” rating in a research report on Monday, July 20th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, DNB Bank ASA currently has a consensus rating of “Hold”.

DNB Bank ASA Trading Up 0.0%

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 company has a fifty day moving average of $32.21 and a 200-day moving average of $31.30. The firm has a market capitalization of $53.79 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 9.66 and a beta of 0.65.

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

DNB Bank ASA Company Profile

DNB Bank ASA is a Norwegian financial services group headquartered in Oslo. It serves individuals, businesses, institutional customers and public-sector organizations through banking, financing and investment services. DNB is widely regarded as Norway’s largest bank and has a central role in the country’s financial system.

The company offers personal and business banking products, including deposit accounts, payment services, mortgages, consumer finance, corporate lending and leasing. Through its corporate and investment banking operations, DNB provides advisory services, capital markets solutions, securities services and financing for companies and institutions.