DNB Bank ASA (OTCMKTS:DNBBY) Sets New 12-Month High – Should You Buy?

DNB Bank ASA (OTCMKTS:DNBBY) reached a new 52-week high during trading on Monday . The company traded as high as $25.81 and last traded at $25.80, with a volume of 39219 shares. The stock had previously closed at $25.45.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DNBBY. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a research note on Friday, March 7th. Barclays reiterated an “overweight” rating on shares of DNB Bank ASA in a research note on Thursday, March 6th.

DNB Bank ASA Stock Up 0.6 %

The company has a market cap of $38.75 billion, a P/E ratio of 9.51, a price-to-earnings-growth ratio of 8.45 and a beta of 1.32. The company has a 50 day moving average of $22.22 and a 200-day moving average of $21.11. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.48 and a quick ratio of 1.42.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts predict that DNB Bank ASA will post 2.43 earnings per share for the current 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.