DNB Bank ASA (OTCMKTS:DNBBY) Receives Consensus Rating of “Hold” from Brokerages

DNB Bank ASA (OTCMKTS:DNBBY) has received an average recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company.

A number of equities analysts have recently weighed in on DNBBY shares. Nordea Equity Research raised shares of DNB Bank ASA to a “buy” rating in a research report on Thursday, April 9th. Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a research note on Tuesday, May 12th. Barclays upgraded DNB Bank ASA from a “hold” rating to an “overweight” rating in a report on Wednesday, April 8th. Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a research note on Wednesday, April 29th. Finally, Pareto Securities downgraded DNB Bank ASA from a “buy” rating to a “hold” rating in a report on Thursday, February 5th.

DNB Bank ASA Stock Performance

Shares of DNBBY stock opened at $30.66 on Wednesday. The stock has a market cap of $47.53 billion, a PE ratio of 11.07 and a beta of 0.63. The stock has a 50-day moving average of $31.05 and a 200-day moving average of $29.49. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.67 and a quick ratio of 1.67. DNB Bank ASA has a one year low of $24.77 and a one year high of $33.81.

DNB Bank ASA (OTCMKTS:DNBBY) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. DNB Bank ASA had a net margin of 21.06% and a return on equity of 14.23%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. As a group, sell-side analysts expect that DNB Bank ASA will post 2.89 earnings per share for the current year.

DNB Bank ASA Company Profile

DNB Bank ASA (OTCMKTS: DNBBY) is Norway’s largest financial services group, offering a broad range of banking, insurance and capital markets services to retail, corporate and institutional clients. The bank’s core activities encompass retail and commercial banking, corporate and investment banking, asset management, life insurance and pension products, as well as payment and card services. DNB provides traditional deposit and lending products, mortgages, savings and wealth management solutions, securities trading, corporate finance and treasury services.

The group operates through several specialized business lines, including DNB Markets for investment banking and capital markets activities and DNB Asset Management for portfolio management and investment funds.