DNB Bank ASA (OTCMKTS:DNBBY) Sets New 52-Week High – Here’s Why

DNB Bank ASA (OTCMKTS:DNBBY) reached a new 52-week high during trading on Tuesday . The company traded as high as $26.47 and last traded at $26.20, with a volume of 25888 shares changing hands. The stock had previously closed at $25.94.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Barclays reaffirmed an “overweight” rating on shares of DNB Bank ASA in a research report on Thursday, March 6th. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a report on Friday, March 7th.

DNB Bank ASA Price Performance

The firm has a market capitalization of $39.10 billion, a P/E ratio of 9.60, a P/E/G ratio of 8.45 and a beta of 1.32. The stock’s fifty day simple moving average is $22.69 and its 200 day simple moving average is $21.26. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.48 and a quick ratio of 1.42.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.12. DNB Bank ASA had a net margin of 20.70% and a return on equity of 15.79%. On average, equities research analysts predict that DNB Bank ASA will post 2.43 EPS for the current year.

About DNB Bank ASA

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.