DNB Bank ASA (OTCMKTS:DNBBY) Hits New 1-Year High - Time to Buy?

Key Points

• DNB Bank ASA shares hit a new 52-week high, trading as high as $32.52 (last $32.42) on Thursday with about 5,676 shares changing hands.
• Analyst coverage is mixed—Zacks upgraded to a "strong-buy" while others are cautious—leaving a MarketBeat consensus rating of "Hold" (1 Strong Buy, 5 Hold, 1 Sell).
• The company reported a quarterly beat (EPS $0.75 vs. $0.65 expected; revenue $2.44B vs. $2.35B), with a net margin of 21% and ROE of 14.72%, and the stock trades at a P/E of 11.89 with a market cap around $48.1B.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $32.52 and last traded at $32.42, with a volume of 5676 shares trading hands. The stock had previously closed at $32.14.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DNBBY shares. Zacks Research upgraded shares of DNB Bank ASA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 17th. Pareto Securities lowered shares of DNB Bank ASA from a "buy" rating to a "hold" rating in a report on Thursday, February 5th. Morgan Stanley restated an "underweight" rating on shares of DNB Bank ASA in a report on Thursday, February 12th. Finally, Citigroup reissued a "neutral" rating on shares of DNB Bank ASA in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

DNB Bank ASA Stock Performance

The stock's 50-day moving average is $30.68 and its 200-day moving average is $28.30. The stock has a market cap of $48.14 billion, a price-to-earnings ratio of 11.89 and a beta of 0.68. The company has a current ratio of 1.44, a quick ratio of 1.45 and a debt-to-equity ratio of 3.16.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last posted its earnings results on Wednesday, February 4th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.10. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.35 billion. DNB Bank ASA had a net margin of 21.00% and a return on equity of 14.72%. On average, analysts expect that DNB Bank ASA will post 2.43 EPS for the current year.

DNB Bank ASA Company Profile

DNB Bank ASA OTCMKTS: DNBBY is Norway's largest financial services group, offering a broad range of banking, insurance and capital markets services to retail, corporate and institutional clients. The bank's core activities encompass retail and commercial banking, corporate and investment banking, asset management, life insurance and pension products, as well as payment and card services. DNB provides traditional deposit and lending products, mortgages, savings and wealth management solutions, securities trading, corporate finance and treasury services.

The group operates through several specialized business lines, including DNB Markets for investment banking and capital markets activities and DNB Asset Management for portfolio management and investment funds.

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