DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $28.22 and last traded at $27.96, with a volume of 24642 shares trading hands. The stock had previously closed at $27.34.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on DNBBY. Morgan Stanley restated an "underweight" rating on shares of DNB Bank ASA in a research report on Friday, March 7th. Citigroup restated a "neutral" rating on shares of DNB Bank ASA in a research report on Wednesday, May 21st. Barclays restated an "overweight" rating on shares of DNB Bank ASA in a research report on Thursday, March 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of DNB Bank ASA in a research report on Tuesday, May 13th.
Read Our Latest Stock Report on DNB Bank ASA
DNB Bank ASA Trading Up 0.4%
The business has a 50-day moving average of $25.47 and a 200-day moving average of $22.99. The company has a quick ratio of 1.42, a current ratio of 1.48 and a debt-to-equity ratio of 3.57. The stock has a market cap of $41.77 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 8.45 and a beta of 1.03.
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. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $21.24 billion. DNB Bank ASA had a return on equity of 15.79% and a net margin of 20.70%. As a group, research analysts forecast that DNB Bank ASA will post 2.43 earnings per share for the current year.
DNB Bank ASA Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 5th were given a dividend of $1.2311 per share. This represents a yield of 4.76%. The ex-dividend date of this dividend was Friday, May 2nd. DNB Bank ASA's payout ratio is presently 42.55%.
DNB Bank ASA Company Profile
(
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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.
Further Reading
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