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

DNB Bank ASA (OTCMKTS:DNBBY) has been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company.

Several research firms recently commented on DNBBY. Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a research report on Wednesday. Barclays upgraded DNB Bank ASA from a “hold” rating to an “overweight” rating in a research report on Wednesday, April 8th. Pareto Securities cut DNB Bank ASA from a “buy” rating to a “hold” rating in a research report on Thursday, February 5th. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a research report on Thursday, April 16th. Finally, Zacks Research upgraded DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th.

DNB Bank ASA Stock Performance

OTCMKTS:DNBBY opened at $30.22 on Friday. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.45 and a current ratio of 1.44. DNB Bank ASA has a 52-week low of $24.60 and a 52-week high of $33.81. The firm has a market cap of $46.85 billion, a price-to-earnings ratio of 10.91 and a beta of 0.64. The business’s fifty day moving average is $31.14 and its 200 day moving average is $28.82.

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