DNB Bank ASA (OTCMKTS:DNBBY) Raised to “Strong-Buy” at Barclays

DNB Bank ASA (OTCMKTS:DNBBY) was upgraded by research analysts at Barclays from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Several other analysts also recently commented on the company. Pareto Securities downgraded DNB Bank ASA from a “buy” rating to a “hold” rating in a research note on Thursday, February 5th. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a research note on Thursday, February 12th. Zacks Research upgraded DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Finally, Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a research note on Tuesday, February 10th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, DNB Bank ASA has an average rating of “Hold”.

DNB Bank ASA Stock Performance

Shares of DNBBY opened at $32.66 on Wednesday. The business’s fifty day simple moving average is $30.75 and its two-hundred day simple moving average is $28.33. The company has a current ratio of 1.44, a quick ratio of 1.45 and a debt-to-equity ratio of 3.16. DNB Bank ASA has a 12 month low of $22.51 and a 12 month high of $32.86. The company has a market cap of $48.26 billion, a price-to-earnings ratio of 11.92 and a beta of 0.68.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its earnings results on Wednesday, February 4th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.65 by $0.10. DNB Bank ASA had a return on equity of 14.72% and a net margin of 21.00%.The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.35 billion. Research analysts anticipate that DNB Bank ASA will post 2.43 earnings per share for the current fiscal 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.