DNB Bank ASA (OTCMKTS:DNBBY) Reaches New 1-Year High Following Earnings Beat

DNB Bank ASA (OTCMKTS:DNBBY)’s stock price reached a new 52-week high during trading on Tuesday following a stronger than expected earnings report. The company traded as high as $22.07 and last traded at $21.86, with a volume of 33346 shares. The stock had previously closed at $20.68.

The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. The firm had revenue of $2.14 billion during the quarter. DNB Bank ASA had a return on equity of 14.24% and a net margin of 18.94%.

Analyst Ratings Changes

Separately, Citigroup upgraded DNB Bank ASA to a “hold” rating in a report on Friday, October 11th.

DNB Bank ASA Price Performance

The firm has a fifty day moving average of $20.62 and a two-hundred day moving average of $19.90. The stock has a market capitalization of $32.81 billion, a P/E ratio of 8.74, a P/E/G ratio of 1.51 and a beta of 1.30. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.69 and a quick ratio of 1.69.

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.