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TheStreet Wire

Danvers Stock Hits New 52-Week High (DNBK)

By TheStreet Wire 04/21/11 - 10:26 AM EDT

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NEW YORK (TheStreet) -- Danvers Bancorp (Nasdaq:DNBK) hit a new 52-week high Thursday as it is currently trading at $22.23, above its previous 52-week high of $22.18 with 16,932 shares traded as of 9:57 a.m. ET. Average volume has been 139,900 shares over the past 30 days.

Danvers has a market cap of $482.3 million and is part of the financial sector and banking industry. Shares are up 22.3% year to date as of the close of trading on Wednesday.

Danvers Bancorp, Inc. operates as the holding company for Danversbank that provides various financial products and services to individuals and small businesses in Massachusetts. The company has a P/E ratio of 23.7, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 16.4.

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TheStreet Ratings rates Danvers as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Danvers Ratings Report.

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