Danske Bank A/S (OTCMKTS:DNKEY) Hits New 1-Year High - Here's Why

Danske Bank A/S (OTCMKTS:DNKEY - Get Free Report)'s stock price hit a new 52-week high on Friday . The company traded as high as $18.66 and last traded at $18.60, with a volume of 36937 shares traded. The stock had previously closed at $17.38.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reiterated an "overweight" rating on shares of Danske Bank A/S in a report on Friday, March 7th.

Danske Bank A/S Trading Up 1.4 %

The firm has a market cap of $31.47 billion, a P/E ratio of 9.27 and a beta of 0.77. The company has a debt-to-equity ratio of 7.47, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a 50 day moving average of $16.87 and a 200 day moving average of $15.61.

Danske Bank A/S (OTCMKTS:DNKEY - Get Free Report) last posted its earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.01). Danske Bank A/S had a return on equity of 13.35% and a net margin of 41.90%. The firm had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $13.86 billion. As a group, equities research analysts predict that Danske Bank A/S will post 1.84 EPS for the current year.

Danske Bank A/S Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th were issued a $0.7642 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from Danske Bank A/S's previous dividend of $0.46. Danske Bank A/S's payout ratio is 74.75%.

About Danske Bank A/S

Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers insurance and pension products, mortgage finance and real-estate brokerage services, asset management and trading services in fixed income products, foreign exchange services, and equities.