DNB Bank ASA (OTCMKTS:DNBBY) Reaches New 12-Month High – Here’s What Happened

Shares of DNB Bank ASA (OTCMKTS:DNBBY) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $28.36 and last traded at $28.11, with a volume of 39759 shares changing hands. The stock had previously closed at $28.16.

Analyst Ratings Changes

A number of brokerages recently issued reports on DNBBY. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of DNB Bank ASA in a research report on Tuesday, May 13th. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a research report on Wednesday, May 21st. Finally, Barclays lowered DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 2nd.

DNB Bank ASA Stock Down 0.2%

The business has a 50-day moving average price of $25.96 and a 200-day moving average price of $23.46. The company has a market capitalization of $43.58 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of 8.45 and a beta of 1.01. The company has a quick ratio of 1.42, a current ratio of 1.48 and a debt-to-equity ratio of 3.57.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. DNB Bank ASA had a return on equity of 15.79% and a net margin of 20.70%. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $21.24 billion. As a group, equities analysts anticipate that DNB Bank ASA will post 2.43 earnings per share for the current fiscal year.

DNB Bank ASA Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were issued a dividend of $1.2311 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a dividend yield of 4.76%. DNB Bank ASA’s dividend payout ratio is 42.55%.

DNB Bank ASA Company Profile

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.