DNB Bank ASA (OTCMKTS:DNBBY) Sets New 1-Year High – Still a Buy?

DNB Bank ASA (OTCMKTS:DNBBY) shares hit a new 52-week high during trading on Monday . The company traded as high as $24.67 and last traded at $24.44, with a volume of 25906 shares changing hands. The stock had previously closed at $24.56.

Analyst Upgrades and Downgrades

Several research firms recently commented on DNBBY. Barclays reaffirmed an “overweight” rating on shares of DNB Bank ASA in a research note on Thursday, March 6th. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a research note on Friday, March 7th.

DNB Bank ASA Price Performance

The business has a 50 day simple moving average of $21.70 and a two-hundred day simple moving average of $20.97. The firm has a market capitalization of $36.79 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 8.45 and a beta of 1.32. The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.42 and a current ratio of 1.48.

DNB Bank ASA (OTCMKTS:DNBBY) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.74 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, sell-side analysts expect that DNB Bank ASA will post 2.43 EPS for the current fiscal 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.