DNB Bank ASA (OTCMKTS:DNBBY) Hits New 1-Year High – Here’s What Happened

DNB Bank ASA (OTCMKTS:DNBBY) shares hit a new 52-week high on Tuesday. The company traded as high as $34.8150 and last traded at $34.8150, with a volume of 6,877 shares traded. The stock had previously closed at $34.18.

Analyst Ratings Changes

Several research firms have recently weighed in on DNBBY. The Goldman Sachs Group downgraded shares of DNB Bank ASA from a “hold” rating to a “sell” rating in a research report on Monday, July 20th. Barclays cut shares of DNB Bank ASA from an “overweight” rating to a “strong sell” rating in a research note on Friday, October 9th. Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a research report on Friday, October 9th. Arctic Securiti upgraded DNB Bank ASA to a “strong-buy” rating in a research report on Thursday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of DNB Bank ASA in a report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, DNB Bank ASA currently has an average rating of “Hold”.

DNB Bank ASA Stock Performance

The business’s 50-day moving average price is $33.39 and its 200-day moving average price is $31.34. 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 stock has a market cap of $54.15 billion, a P/E ratio of 12.48, a P/E/G ratio of 9.68 and a beta of 0.70.

DNB Bank ASA (OTCMKTS:DNBBY) last released its quarterly earnings results on Wednesday, October 21st. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.03. DNB Bank ASA had a net margin of 21.06% and a return on equity of 13.69%. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.21 billion. As a group, sell-side analysts expect that DNB Bank ASA will post 2.84 earnings per share for the current fiscal year.

About DNB Bank ASA

DNB Bank ASA is a Norway-based financial services company and the principal banking subsidiary of DNB ASA, Norway’s largest financial group. The bank provides a broad range of services to individuals, businesses, institutional clients and public-sector organizations, including deposits, lending, mortgages, payment services, cards and everyday banking through digital and physical channels.

DNB also serves corporate and institutional customers with financing, cash management, trade finance, foreign exchange, investment banking and capital-markets services.