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

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $26.47 and last traded at $26.20, with a volume of 25888 shares. The stock had previously closed at $25.94.

Analyst Upgrades and Downgrades

DNBBY has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed an "underweight" rating on shares of DNB Bank ASA in a research note on Friday, March 7th. Barclays reissued an "overweight" rating on shares of DNB Bank ASA in a report on Thursday, March 6th.

DNB Bank ASA Price Performance

The firm has a market capitalization of $39.61 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 8.45 and a beta of 1.32. The stock's 50 day simple moving average is $23.14 and its two-hundred day simple moving average is $21.43. The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.42 and a current ratio of 1.48.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.62 by $0.12. DNB Bank ASA had a return on equity of 15.79% and a net margin of 20.70%. On average, sell-side analysts forecast that DNB Bank ASA will post 2.43 EPS for the current 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.