Danske Bank (OTCMKTS:DNKEY) Issues Earnings Results

Danske Bank (OTCMKTS:DNKEY) announced its quarterly earnings results on Thursday. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.06, Zacks reports. Danske Bank had a net margin of 40.85% and a return on equity of 13.80%.

Danske Bank Stock Up 0.6%

Danske Bank stock traded up $0.15 during mid-day trading on Thursday, reaching $26.59. The stock had a trading volume of 29,204 shares, compared to its average volume of 55,124. The company has a market capitalization of $43.39 billion, a price-to-earnings ratio of 11.77 and a beta of 0.63. The company has a 50-day moving average price of $28.01 and a two-hundred day moving average price of $26.73. Danske Bank has a one year low of $21.73 and a one year high of $29.65. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.76 and a quick ratio of 1.76.

Analyst Ratings Changes

A number of research firms have recently weighed in on DNKEY. The Goldman Sachs Group reiterated a “neutral” rating on shares of Danske Bank in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danske Bank in a research note on Wednesday, September 16th. Zacks Research downgraded Danske Bank from a “strong-buy” rating to a “hold” rating in a report on Friday, September 25th. Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a research report on Monday, October 12th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a report on Tuesday, September 1st. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Danske Bank presently has a consensus rating of “Hold”.

About Danske Bank

Danske Bank A/S is a Danish financial services group headquartered in Copenhagen. Founded in 1871, it is one of the largest banks in Denmark and provides banking and financial solutions to individuals, businesses, institutional clients and public-sector organizations.

The company’s services include personal and business banking, lending, deposits, payment services, credit cards, investment products, pension solutions and wealth management. Through its subsidiaries and related businesses, Danske Bank also provides mortgage financing, asset management, corporate finance, capital markets services and other investment banking products.

Danske Bank primarily serves customers across the Nordic region, with Denmark as its main market and operations and business activities in countries including Sweden, Norway and Finland.