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

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

Analysts Set New Price Targets

Several research firms recently commented on DNBBY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of DNB Bank ASA in a research report on Wednesday, September 16th. The Goldman Sachs Group lowered shares of DNB Bank ASA from a “hold” rating to a “sell” rating in a research report on Monday, July 20th. Barclays downgraded DNB Bank ASA from an “overweight” rating to a “strong sell” rating in a report on Friday, October 9th. Finally, Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a research note on Friday, October 9th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, DNB Bank ASA presently has an average rating of “Reduce”.

DNB Bank ASA Trading Up 1.8%

The company has a debt-to-equity ratio of 3.51, a current ratio of 1.70 and a quick ratio of 1.70. The business’s 50 day simple moving average is $33.33 and its 200 day simple moving average is $31.27. The stock has a market cap of $53.96 billion, a P/E ratio of 12.43, a PEG ratio of 9.68 and a beta of 0.70.

DNB Bank ASA (OTCMKTS:DNBBY) last released its earnings results on Wednesday, October 21st. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.21 billion. On average, 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.