Danske Bank (OTCMKTS:DNKEY) Trading 0.4% Higher - What's Next?

Key Points

• Danske Bank's stock traded at $21.32, reflecting a 0.4% increase, with trading volume down 62% from the average.
• Analysts have mixed ratings for Danske Bank, with Zacks downgrading it to a "hold," while Citigroup and Morgan Stanley reaffirmed buy ratings.
• The bank reported earnings of $0.50 per share for the last quarter, exceeding analysts’ expectations, with a net margin of 41.49%.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) traded up 0.4% on Thursday . The company traded as high as $21.50 and last traded at $21.32. 25,076 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 66,678 shares. The stock had previously closed at $21.23.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Zacks Research downgraded shares of Danske Bank from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Citigroup reaffirmed a "buy" rating on shares of Danske Bank in a research note on Tuesday. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Danske Bank in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy".

Danske Bank Stock Performance

The company has a debt-to-equity ratio of 7.82, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a market capitalization of $35.60 billion, a P/E ratio of 10.50 and a beta of 0.73. The stock's 50 day moving average is $21.04 and its two-hundred day moving average is $19.61.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) last posted its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $14.01 billion. Danske Bank had a net margin of 41.49% and a return on equity of 13.40%. As a group, equities analysts anticipate that Danske Bank will post 1.84 earnings per share for the current fiscal year.

About Danske Bank

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.

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