DNB Bank ASA (OTCMKTS:DNBBY) Hits New 1-Year High – Should You Buy?

DNB Bank ASA (OTCMKTS:DNBBY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $26.47 and last traded at $26.20, with a volume of 25888 shares traded. The stock had previously closed at $25.94.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. 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 Trading Up 1.0 %

The stock’s 50-day moving average price is $22.91 and its 200 day moving average price is $21.34. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.48 and a quick ratio of 1.42. The firm has a market capitalization of $39.88 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 8.45 and a beta of 1.32.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its earnings results on Wednesday, February 5th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. DNB Bank ASA had a return on equity of 15.79% and a net margin of 20.70%. 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.