Danske Bank A/S (OTCMKTS:DNKEY) Stock Price Down 0.7% – Here’s What Happened

Shares of Danske Bank A/S (OTCMKTS:DNKEY) were down 0.7% on Thursday . The company traded as low as $14.67 and last traded at $14.81. Approximately 54,244 shares changed hands during trading, an increase of 51% from the average daily volume of 35,954 shares. The stock had previously closed at $14.91.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. UBS Group raised shares of Danske Bank A/S to a “strong-buy” rating in a research report on Monday, October 7th. The Goldman Sachs Group raised shares of Danske Bank A/S to a “hold” rating in a report on Friday, September 27th. Finally, Barclays upgraded Danske Bank A/S to a “strong sell” rating in a research note on Tuesday, October 1st.

Danske Bank A/S Price Performance

The company’s fifty day simple moving average is $14.46 and its 200-day simple moving average is $14.84. The firm has a market capitalization of $24.77 billion, a PE ratio of 7.41 and a beta of 0.90.

Danske Bank A/S (OTCMKTS:DNKEY) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.53 earnings per share (EPS) for the quarter. The firm had revenue of $2.04 billion for the quarter. Danske Bank A/S had a return on equity of 13.40% and a net margin of 42.04%. Analysts forecast that Danske Bank A/S will post 1.84 earnings per share for the current year.

Danske Bank A/S Increases Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 19th were given a dividend of $0.4604 per share. The ex-dividend date was Thursday, December 19th. This is a positive change from Danske Bank A/S’s previous dividend of $0.39. Danske Bank A/S’s payout ratio is presently 39.09%.

Danske Bank A/S Company Profile

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.