DNB Bank ASA (OTCMKTS:DNBBY) Sets New 1-Year High – Still a Buy?

Shares of DNB Bank ASA (OTCMKTS:DNBBY) hit a new 52-week high on Friday . The company traded as high as $22.11 and last traded at $21.53, with a volume of 37621 shares trading hands. The stock had previously closed at $21.40.

DNB Bank ASA Stock Up 0.6 %

The firm’s fifty day simple moving average is $20.67 and its 200 day simple moving average is $20.63. The company has a market cap of $32.13 billion, a price-to-earnings ratio of 7.77, a PEG ratio of 1.75 and a beta of 1.30. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 3.49.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. DNB Bank ASA had a net margin of 20.70% and a return on equity of 15.84%. Sell-side analysts predict that DNB Bank ASA will post 2.22 earnings per share for the current 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.