DNB Bank ASA (OTCMKTS:DNBBY) Sets New 52-Week High – Should You Buy?

DNB Bank ASA (OTCMKTS:DNBBY) reached a new 52-week high on Tuesday . The stock traded as high as $33.84 and last traded at $33.74, with a volume of 1707 shares. The stock had previously closed at $33.67.

Analysts Set New Price Targets

DNBBY has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered DNB Bank ASA from a “hold” rating to a “sell” rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of DNB Bank ASA in a report on Thursday, July 30th. Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a research report on Wednesday, July 8th. Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a research report on Wednesday, June 24th. Finally, Zacks Research lowered shares of DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, DNB Bank ASA presently has a consensus rating of “Hold”.

DNB Bank ASA Trading Down 0.7%

The firm has a market cap of $51.92 billion, a P/E ratio of 11.96, a PEG ratio of 9.39 and a beta of 0.65. The company’s 50 day moving average is $31.35 and its two-hundred day moving average is $31.06. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.70 and a quick ratio of 1.70.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.03. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.28 billion. DNB Bank ASA had a return on equity of 13.97% and a net margin of 21.34%. On average, sell-side analysts predict that DNB Bank ASA will post 2.92 earnings per share for the current year.

About DNB Bank ASA

DNB Bank ASA (OTCMKTS: DNBBY) is Norway’s largest financial services group, offering a broad range of banking, insurance and capital markets services to retail, corporate and institutional clients. The bank’s core activities encompass retail and commercial banking, corporate and investment banking, asset management, life insurance and pension products, as well as payment and card services. DNB provides traditional deposit and lending products, mortgages, savings and wealth management solutions, securities trading, corporate finance and treasury services.

The group operates through several specialized business lines, including DNB Markets for investment banking and capital markets activities and DNB Asset Management for portfolio management and investment funds.