DNB Bank ASA (OTCMKTS:DNBBY) Hits New 52-Week High – What’s Next?

DNB Bank ASA (OTCMKTS:DNBBY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $27.60 and last traded at $26.98, with a volume of 24207 shares traded. The stock had previously closed at $26.70.

Wall Street Analysts Forecast Growth

DNBBY has been the subject of a number of analyst reports. Barclays restated an “overweight” rating on shares of DNB Bank ASA in a research report on Thursday, March 6th. Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a research report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of DNB Bank ASA in a report on Tuesday, May 13th. Finally, Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a research report on Friday, March 7th.

DNB Bank ASA Price Performance

The company has a market capitalization of $41.83 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 8.45 and a beta of 1.03. 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’s 50-day moving average is $25.22 and its 200-day moving average is $22.61.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. DNB Bank ASA had a return on equity of 15.79% and a net margin of 20.70%. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $21.24 billion. Equities analysts predict that DNB Bank ASA will post 2.43 earnings per share for the current fiscal year.

DNB Bank ASA Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 5th were paid a $1.2311 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a dividend yield of 4.76%. DNB Bank ASA’s payout ratio is 42.55%.

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.