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DNB Bank ASA (OTCMKTS:DNBBY) Sets New 52-Week High - Time to Buy?

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DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $24.67 and last traded at $24.44, with a volume of 25906 shares changing hands. The stock had previously closed at $24.56.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DNBBY. Barclays reissued an "overweight" rating on shares of DNB Bank ASA in a research report on Thursday, March 6th. Morgan Stanley restated an "underweight" rating on shares of DNB Bank ASA in a report on Friday, March 7th.

View Our Latest Stock Report on DNB Bank ASA

DNB Bank ASA Trading Up 1.9 %

The company has a quick ratio of 1.42, a current ratio of 1.48 and a debt-to-equity ratio of 3.57. The business's fifty day moving average is $21.89 and its 200-day moving average is $21.02. The stock has a market capitalization of $37.98 billion, a PE ratio of 9.32, a P/E/G ratio of 8.45 and a beta of 1.32.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.74 earnings per share (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 15.79%. As a group, analysts anticipate that DNB Bank ASA will post 2.43 EPS for the current fiscal year.

About DNB Bank ASA

(Get Free Report)

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.

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