DNB Bank ASA (OTCMKTS:DNBBY) Reaches New 1-Year High - Still a Buy?

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $28.22 and last traded at $27.96, with a volume of 24642 shares changing hands. The stock had previously closed at $27.34.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on DNBBY shares. Barclays reissued an "overweight" rating on shares of DNB Bank ASA in a report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of DNB Bank ASA in a research report on Tuesday, May 13th. Morgan Stanley restated an "underweight" rating on shares of DNB Bank ASA in a research report on Friday, March 7th. Finally, Citigroup restated a "neutral" rating on shares of DNB Bank ASA in a research report on Wednesday, May 21st.

DNB Bank ASA Stock Performance

The company's 50-day moving average price is $25.46 and its two-hundred day moving average price is $22.93. The company has a market capitalization of $41.61 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 8.45 and a beta of 1.03. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.48 and a quick ratio of 1.42.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.01. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $21.24 billion. DNB Bank ASA had a net margin of 20.70% and a return on equity of 15.79%. On average, equities research analysts anticipate that DNB Bank ASA will post 2.43 EPS for the current fiscal year.

DNB Bank ASA Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were issued a $1.2311 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a dividend yield of 4.76%. 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.