DNB Bank ASA (OTCMKTS:DNBBY) Reaches New 12-Month High – What’s Next?

DNB Bank ASA (OTCMKTS:DNBBY)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $22.44 and last traded at $22.41, with a volume of 61694 shares. The stock had previously closed at $21.84.

DNB Bank ASA Stock Up 2.6 %

The firm’s 50-day simple moving average is $20.75 and its 200 day simple moving average is $20.66. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $33.45 billion, a P/E ratio of 8.21, a PEG ratio of 1.73 and a beta of 1.30.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.62 by $0.12. DNB Bank ASA had a net margin of 20.70% and a return on equity of 15.84%. As a group, research analysts expect that DNB Bank ASA will post 2.29 EPS for the current year.

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.