Danske Bank (OTCMKTS:DNKEY) Sees Large Volume Increase – Time to Buy?

Danske Bank (OTCMKTS:DNKEY) shares saw unusually-strong trading volume on Friday . Approximately 120,886 shares were traded during mid-day trading, an increase of 125% from the previous session’s volume of 53,701 shares.The stock last traded at $28.07 and had previously closed at $28.23.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DNKEY shares. Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a research note on Wednesday, June 24th. Citigroup reissued a “buy” rating on shares of Danske Bank in a research note on Monday. Jefferies Financial Group restated a “hold” rating on shares of Danske Bank in a report on Wednesday, April 8th. Finally, Barclays reaffirmed an “overweight” rating on shares of Danske Bank in a research report on Thursday, April 9th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Danske Bank Price Performance

The firm has a market capitalization of $46.01 billion, a price-to-earnings ratio of 13.00 and a beta of 0.61. The stock’s fifty day moving average price is $26.24 and its two-hundred day moving average price is $25.73. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 7.44.

Danske Bank (OTCMKTS:DNKEY) last issued its earnings results on Thursday, April 30th. The financial services provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. Danske Bank had a net margin of 40.38% and a return on equity of 13.14%. Equities research analysts expect that Danske Bank will post 2.26 EPS for the current year.

Danske Bank Company Profile

Danske Bank A/S is a major Danish banking group headquartered in Copenhagen. The firm traces its origins to the 19th century and has grown through mergers and organic expansion into one of the region’s largest financial institutions. Its shares are primarily listed on Nasdaq Copenhagen, and American investors may encounter the bank’s ADR trading on the U.S. over-the-counter market under the symbol DNKEY.

The bank provides a broad range of financial products and services across retail, commercial and institutional segments.