Danske Bank A/S (OTCMKTS:DNKEY) Sets New 12-Month High – Still a Buy?

Shares of Danske Bank A/S (OTCMKTS:DNKEY) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $17.87 and last traded at $17.85, with a volume of 19965 shares trading hands. The stock had previously closed at $17.78.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank A/S in a research report on Friday, March 7th.

Danske Bank A/S Price Performance

The firm has a fifty day moving average price of $15.90 and a two-hundred day moving average price of $15.15. The stock has a market capitalization of $30.30 billion, a P/E ratio of 8.93 and a beta of 0.88. The company has a debt-to-equity ratio of 7.47, a quick ratio of 1.79 and a current ratio of 1.79.

Danske Bank A/S (OTCMKTS:DNKEY) last released its quarterly earnings results on Friday, February 7th. The financial services provider reported $0.51 earnings per share for the quarter. Danske Bank A/S had a return on equity of 13.35% and a net margin of 41.90%. As a group, analysts expect that Danske Bank A/S will post 1.84 EPS for the current fiscal year.

Danske Bank A/S Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be paid a $0.7642 dividend. This is a positive change from Danske Bank A/S’s previous dividend of $0.46. The ex-dividend date of this dividend is Monday, March 24th. Danske Bank A/S’s dividend payout ratio is 38.50%.

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.