DNB Bank ASA (OTCMKTS:DNBBY) Reaches New 1-Year High – Time to Buy?

DNB Bank ASA (OTCMKTS:DNBBY) shares hit a new 52-week high on Thursday . The stock traded as high as $22.44 and last traded at $22.41, with a volume of 61694 shares trading hands. The stock had previously closed at $21.84.

DNB Bank ASA Trading Up 0.7 %

The company has a market cap of $33.61 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 1.80 and a beta of 1.30. The company has a current ratio of 1.48, a quick ratio of 1.42 and a debt-to-equity ratio of 3.57. The business’s 50 day moving average price is $20.83 and its 200-day moving average price is $20.70.

DNB Bank ASA (OTCMKTS:DNBBY) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.74 earnings per share 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%. On average, equities analysts anticipate that DNB Bank ASA will post 2.29 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.