Danske Bank A/S (OTCMKTS:DNKEY) Rating Increased to Hold at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Danske Bank A/S (OTCMKTS:DNKEY) to a hold rating in a research note released on Friday morning, Zacks.com reports.

Danske Bank A/S Price Performance

OTCMKTS:DNKEY opened at $15.02 on Friday. Danske Bank A/S has a 52-week low of $10.65 and a 52-week high of $16.23. The stock has a fifty day moving average of $15.28 and a 200 day moving average of $15.00. The company has a debt-to-equity ratio of 7.32, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a market capitalization of $25.72 billion, a price-to-earnings ratio of 8.25 and a beta of 0.94.

Danske Bank A/S (OTCMKTS:DNKEY) last issued its quarterly earnings results on Friday, July 19th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. Danske Bank A/S had a return on equity of 13.02% and a net margin of 41.10%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.98 billion. On average, research analysts expect that Danske Bank A/S will post 1.9 EPS for the current fiscal year.

Danske Bank A/S Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, August 1st. Shareholders of record on Monday, July 29th were paid a $0.391 dividend. This represents a yield of 2.42%. The ex-dividend date was Monday, July 29th. This is a boost from Danske Bank A/S’s previous dividend of $0.39. Danske Bank A/S’s payout ratio is currently 42.31%.

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.