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

DNB Bank ASA (OTCMKTS:DNBBY)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $29.34 and last traded at $28.2850, with a volume of 1357 shares. The stock had previously closed at $27.74.

Analysts Set New Price Targets

A number of analysts recently issued reports on DNBBY shares. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a research report on Tuesday, October 14th. The Goldman Sachs Group downgraded DNB Bank ASA from a “buy” rating to a “hold” rating in a research note on Thursday, December 4th. Zacks Research raised DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

DNB Bank ASA Price Performance

The business has a fifty day moving average of $26.46 and a 200 day moving average of $26.60. The firm has a market cap of $41.77 billion, a P/E ratio of 10.36 and a beta of 0.75. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 3.42.

DNB Bank ASA (OTCMKTS:DNBBY) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. DNB Bank ASA had a return on equity of 15.17% and a net margin of 21.20%.The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.23 billion. On average, sell-side analysts anticipate that DNB Bank ASA will post 2.43 earnings per share for the current year.

DNB Bank ASA Company Profile

DNB Bank ASA (OTCMKTS: DNBBY) is Norway’s largest financial services group, offering a broad range of banking, insurance and capital markets services to retail, corporate and institutional clients. The bank’s core activities encompass retail and commercial banking, corporate and investment banking, asset management, life insurance and pension products, as well as payment and card services. DNB provides traditional deposit and lending products, mortgages, savings and wealth management solutions, securities trading, corporate finance and treasury services.

The group operates through several specialized business lines, including DNB Markets for investment banking and capital markets activities and DNB Asset Management for portfolio management and investment funds.