Danske Bank (OTCMKTS:DNKEY) Sees Strong Trading Volume – Still a Buy?

Danske Bank (OTCMKTS:DNKEY) saw unusually-strong trading volume on Friday . Approximately 172,396 shares traded hands during mid-day trading, an increase of 260% from the previous session’s volume of 47,953 shares.The stock last traded at $25.68 and had previously closed at $26.81.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DNKEY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danske Bank in a research report on Monday, November 3rd. Morgan Stanley reissued an “overweight” rating on shares of Danske Bank in a report on Thursday. Barclays restated an “overweight” rating on shares of Danske Bank in a research report on Wednesday, December 10th. Finally, Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Danske Bank Trading Down 3.3%

The stock has a market cap of $43.30 billion, a PE ratio of 12.29 and a beta of 0.62. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.76 and a current ratio of 1.76. The company has a 50 day moving average of $25.14 and a two-hundred day moving average of $22.75.

Danske Bank (OTCMKTS:DNKEY) last issued its quarterly earnings results on Thursday, February 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.31 billion. Danske Bank had a return on equity of 13.43% and a net margin of 40.52%. Sell-side analysts anticipate that Danske Bank will post 1.84 earnings per share for the current fiscal year.

Danske Bank Company Profile

Danske Bank A/S is a major Danish banking group headquartered in Copenhagen. The firm traces its origins to the 19th century and has grown through mergers and organic expansion into one of the region’s largest financial institutions. Its shares are primarily listed on Nasdaq Copenhagen, and American investors may encounter the bank’s ADR trading on the U.S. over-the-counter market under the symbol DNKEY.

The bank provides a broad range of financial products and services across retail, commercial and institutional segments.