Danske Bank A/S (OTCMKTS:DNKEY) Reaches New 1-Year High – Here’s Why

Danske Bank A/S (OTCMKTS:DNKEY)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $19.44 and last traded at $19.28, with a volume of 29927 shares changing hands. The stock had previously closed at $18.98.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danske Bank A/S in a report on Tuesday, May 13th. Morgan Stanley reissued an “overweight” rating on shares of Danske Bank A/S in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Danske Bank A/S Trading Up 1.6%

The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 7.47. The business has a fifty day simple moving average of $17.11 and a 200 day simple moving average of $15.87. The company has a market cap of $32.20 billion, a price-to-earnings ratio of 9.64 and a beta of 0.77.

Danske Bank A/S (OTCMKTS:DNKEY) last released its quarterly earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). Danske Bank A/S had a return on equity of 13.35% and a net margin of 41.90%. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $13.86 billion. On average, equities analysts anticipate that Danske Bank A/S will post 1.84 EPS for the current fiscal year.

Danske Bank A/S Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 24th were given a $0.7642 dividend. The ex-dividend date was Monday, March 24th. This is a positive change from Danske Bank A/S’s previous dividend of $0.46. Danske Bank A/S’s payout ratio is currently 74.75%.

About Danske Bank A/S

Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers insurance and pension products, mortgage finance and real-estate brokerage services, asset management and trading services in fixed income products, foreign exchange services, and equities.