DNB Bank ASA (OTCMKTS:DNBBY) Shares Down 13.3% – What’s Next?

DNB Bank ASA (OTCMKTS:DNBBY)’s share price fell 13.3% on Wednesday . The company traded as low as $25.77 and last traded at $25.77. 12,971 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 53,434 shares. The stock had previously closed at $29.71.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a report on Wednesday. Barclays upgraded shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a report on Wednesday, April 8th. Pareto Securities lowered shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a report on Thursday, February 5th. Zacks Research upgraded shares of DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Finally, Nordea Equity Research upgraded DNB Bank ASA to a “buy” rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

DNB Bank ASA Stock Performance

The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.45 and a current ratio of 1.44. The stock’s 50 day moving average price is $31.19 and its 200 day moving average price is $28.80. The company has a market capitalization of $45.96 billion, a P/E ratio of 10.70 and a beta of 0.68.

DNB Bank ASA (OTCMKTS:DNBBY) last released its earnings results on Thursday, April 23rd. The company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. DNB Bank ASA had a net margin of 21.06% and a return on equity of 14.63%. As a group, equities analysts expect that DNB Bank ASA will post 2.87 EPS for the current year.

About DNB Bank ASA

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.