DNB Bank ASA (OTCMKTS:DNBBY) Sets New 52-Week High - Still a Buy?

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report)'s stock price reached a new 52-week high on Friday . The company traded as high as $28.36 and last traded at $28.11, with a volume of 39759 shares trading hands. The stock had previously closed at $28.16.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of DNB Bank ASA in a research note on Tuesday, May 13th. Barclays downgraded DNB Bank ASA from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd. Citigroup reissued a "neutral" rating on shares of DNB Bank ASA in a research note on Wednesday, May 21st. Finally, Morgan Stanley reaffirmed an "underweight" rating on shares of DNB Bank ASA in a research note on Friday, March 7th.

DNB Bank ASA Price Performance

The stock has a 50 day moving average price of $25.96 and a two-hundred day moving average price of $23.45. The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.42 and a current ratio of 1.48. The company has a market capitalization of $43.58 billion, a PE ratio of 10.30, a P/E/G ratio of 8.45 and a beta of 1.01.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.01. DNB Bank ASA had a return on equity of 15.79% and a net margin of 20.70%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $21.24 billion. Equities analysts forecast that DNB Bank ASA will post 2.43 earnings per share for the current year.

DNB Bank ASA Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 5th were paid a $1.2311 dividend. This represents a dividend yield of 4.76%. The ex-dividend date of this dividend was Friday, May 2nd. DNB Bank ASA's payout ratio is 42.55%.

DNB Bank ASA Company Profile

DNB Bank ASA provides financial services for individual and business customers in Norway and internationally. The company offers savings, current, and pension accounts; fixed rate and security deposits; home and cabin mortgages, car and consumer loans, business loans, and refinancing; car, house, home contents, travel, personal, and non-life insurance product; payment services; and online and mobile banking services, as well as cards.