DNB Bank ASA (OTCMKTS:DNBBY) Hits New 1-Year High – What’s Next?

DNB Bank ASA (OTCMKTS:DNBBY) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $23.67 and last traded at $23.34, with a volume of 35248 shares trading hands. The stock had previously closed at $22.94.

DNB Bank ASA Price Performance

The company has a debt-to-equity ratio of 3.57, a current ratio of 1.48 and a quick ratio of 1.42. The stock has a market capitalization of $35.80 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 8.45 and a beta of 1.30. The stock’s 50 day simple moving average is $21.34 and its 200-day simple moving average is $20.87.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.12. DNB Bank ASA had a net margin of 20.70% and a return on equity of 15.79%. On average, analysts expect that DNB Bank ASA will post 2.43 EPS for the current fiscal year.

About DNB Bank ASA

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.