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

DNB Bank ASA (OTCMKTS:DNBBY) shares reached a new 52-week high on Monday . The stock traded as high as $24.67 and last traded at $24.44, with a volume of 25906 shares trading hands. The stock had previously closed at $24.56.

Analyst Ratings Changes

DNBBY has been the subject of several recent research reports. Barclays reissued an “overweight” rating on shares of DNB Bank ASA in a report on Thursday. Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a research note on Friday.

DNB Bank ASA Stock Performance

The company has a quick ratio of 1.42, a current ratio of 1.48 and a debt-to-equity ratio of 3.57. The firm has a market cap of $36.48 billion, a price-to-earnings ratio of 8.95, a P/E/G ratio of 8.45 and a beta of 1.32. The stock has a 50 day moving average of $21.60 and a 200 day moving average of $20.94.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.62 by $0.12. DNB Bank ASA had a net margin of 20.70% and a return on equity of 15.79%. As a group, analysts anticipate that DNB Bank ASA will post 2.43 EPS for the current fiscal year.

DNB Bank ASA Company Profile

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.