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

Key Points

• DNB Bank ASA hit a new 52-week high, trading as high as $33.40 (last $33.21) and up about 1.8% on the session, with a market cap of $49.1 billion and a P/E of 12.12.
• Analyst sentiment is mixed with a MarketBeat consensus of "Hold" (1 Strong Buy, 2 Buy, 4 Hold, 1 Sell); recent notes include Morgan Stanley's underweight, Pareto's downgrade to hold, and Nordea's upgrade to buy.
• DNB beat quarterly estimates—EPS $0.75 vs. $0.65 expected and revenue $2.44B vs. $2.35B expected—with strong profitability metrics (ROE 14.72%, net margin 21%) and projected full-year EPS of 2.43.

Shares of DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $33.40 and last traded at $33.21, with a volume of 107672 shares changing hands. The stock had previously closed at $32.63.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DNBBY. Morgan Stanley reaffirmed an "underweight" rating on shares of DNB Bank ASA in a report on Thursday, February 12th. Pareto Securities downgraded DNB Bank ASA from a "buy" rating to a "hold" rating in a research report on Thursday, February 5th. Citigroup reiterated a "neutral" rating on shares of DNB Bank ASA in a research report on Tuesday, February 10th. Nordea Equity Research upgraded DNB Bank ASA to a "buy" rating in a research report on Thursday, April 9th. Finally, Zacks Research upgraded DNB Bank ASA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold".

DNB Bank ASA Trading Up 1.8%

The stock has a market cap of $49.07 billion, a P/E ratio of 12.12 and a beta of 0.68. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.45 and a current ratio of 1.44. The stock has a 50-day moving average price of $30.98 and a 200-day moving average price of $28.47.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.75 earnings per share (EPS) for the quarter, beating 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 return on equity of 14.72% and a net margin of 21.00%. On average, equities research 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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