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

Danske Bank A/S (OTCMKTS:DNKEY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $20.04 and last traded at $20.01, with a volume of 33941 shares changing hands. The stock had previously closed at $19.15.

Wall Street Analysts Forecast Growth

DNKEY has been the subject of several recent research reports. Barclays raised Danske Bank A/S from a "strong sell" rating to a "strong-buy" rating in a research note on Monday. Morgan Stanley reaffirmed an "overweight" rating on shares of Danske Bank A/S in a research note on Friday, March 7th. Citigroup reissued a "buy" rating on shares of Danske Bank A/S in a research report on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Danske Bank A/S in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy".

Danske Bank A/S Price Performance

The firm has a market cap of $32.92 billion, a price-to-earnings ratio of 9.86 and a beta of 0.77. The business's 50-day simple moving average is $17.57 and its two-hundred day simple moving average is $16.23. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 7.47.

Danske Bank A/S (OTCMKTS:DNKEY - Get Free Report) last released 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). The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $13.86 billion. Danske Bank A/S had a net margin of 41.90% and a return on equity of 13.35%. As a group, research analysts expect that Danske Bank A/S will post 1.84 EPS for the current fiscal year.

Danske Bank A/S Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th were given a dividend of $0.7642 per share. This is an increase from Danske Bank A/S's previous dividend of $0.46. The ex-dividend date of this dividend was Monday, March 24th. Danske Bank A/S's dividend payout ratio (DPR) is 74.75%.

Danske Bank A/S Company Profile

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.