DNB Bank ASA (OTCMKTS:DNBBY) Shares Gap Down – Time to Sell?

DNB Bank ASA (OTCMKTS:DNBBY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $33.3850, but opened at $29.82. DNB Bank ASA shares last traded at $29.79, with a volume of 4,417 shares traded.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DNBBY. Nordea Equity Research raised DNB Bank ASA to a “buy” rating in a research report on Thursday, April 9th. Pareto Securities cut DNB Bank ASA from a “buy” rating to a “hold” rating in a research report on Thursday, February 5th. Barclays raised DNB Bank ASA from a “hold” rating to an “overweight” rating in a research report on Wednesday, April 8th. Zacks Research raised DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

DNB Bank ASA Trading Down 10.1%

The firm has a market capitalization of $46.54 billion, a PE ratio of 10.96 and a beta of 0.68. The business has a 50 day moving average price of $31.29 and a 200-day moving average price of $28.70. 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 (OTCMKTS:DNBBY) last issued its earnings results on Thursday, April 23rd. The company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. DNB Bank ASA had a return on equity of 14.72% and a net margin of 21.00%. Analysts expect that DNB Bank ASA will post 2.87 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.