Danske Bank A/S (OTCMKTS:DNKEY) Upgraded to “Hold” by The Goldman Sachs Group

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

Danske Bank A/S Trading Down 0.4 %

DNKEY opened at $15.02 on Friday. The stock has a market capitalization of $25.72 billion, a P/E ratio of 8.25 and a beta of 0.94. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 7.32. Danske Bank A/S has a 12 month low of $10.65 and a 12 month high of $16.23. The firm’s fifty day simple moving average is $15.28 and its 200 day simple moving average is $15.00.

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

Danske Bank A/S Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, August 1st. Stockholders of record on Monday, July 29th were issued a $0.391 dividend. The ex-dividend date was Monday, July 29th. This is an increase from Danske Bank A/S’s previous dividend of $0.39. This represents a dividend yield of 2.42%. Danske Bank A/S’s dividend payout ratio (DPR) is 42.31%.

About Danske Bank A/S

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.