DNB Bank ASA (OTCMKTS:DNBBY) Receives Average Recommendation of “Hold” from Analysts

Shares of DNB Bank ASA (OTCMKTS:DNBBY) have earned an average recommendation of “Hold” from the eight analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company.

DNBBY has been the topic of a number of research reports. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a report on Wednesday, June 24th. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of DNB Bank ASA in a research report on Wednesday, September 16th. Finally, The Goldman Sachs Group downgraded shares of DNB Bank ASA from a “hold” rating to a “sell” rating in a research note on Monday, July 20th.

DNB Bank ASA Stock Performance

OTCMKTS DNBBY opened at $32.31 on Tuesday. The company has a market cap of $50.09 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 9.12 and a beta of 0.70. The stock’s 50 day simple moving average is $33.19 and its 200-day simple moving average is $31.59. DNB Bank ASA has a 1-year low of $25.26 and a 1-year high of $34.78. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.70 and a quick ratio of 1.70.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. DNB Bank ASA had a return on equity of 13.97% and a net margin of 21.34%.The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.28 billion. As a group, equities research analysts anticipate that DNB Bank ASA will post 2.88 EPS for the current fiscal year.

About DNB Bank ASA

DNB Bank ASA is a Norway-based financial services group and the country’s largest bank. The company provides banking and financial products to individual customers, small and medium-sized businesses, large corporations, and public-sector organizations.

Its activities include personal and business banking, lending, deposits, payment services, savings and investment products, asset management, insurance, and pension services. DNB also offers corporate finance, investment banking, securities, and other capital-markets services.