DNB Bank ASA (OTCMKTS:DNBBY) Given Consensus Rating of “Hold” by Brokerages

DNB Bank ASA (OTCMKTS:DNBBY) has been given an average rating of “Hold” by the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company.

DNBBY has been the topic of a number of recent research reports. Zacks Research downgraded DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of DNB Bank ASA in a report on Thursday, July 30th. The Goldman Sachs Group lowered DNB Bank ASA from a “hold” rating to a “sell” rating in a research note on Monday, July 20th. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a research report on Wednesday, June 24th. Finally, Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a research report on Wednesday, July 8th.

DNB Bank ASA Price Performance

Shares of DNB Bank ASA stock opened at $33.06 on Monday. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.70 and a current ratio of 1.70. The firm’s 50-day simple moving average is $30.83 and its 200-day simple moving average is $30.83. DNB Bank ASA has a twelve month low of $25.26 and a twelve month high of $33.81. The firm has a market cap of $51.25 billion, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 9.28 and a beta of 0.64.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its quarterly earnings results on Tuesday, July 14th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.03. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.28 billion. DNB Bank ASA had a net margin of 21.34% and a return on equity of 13.97%. As a group, research analysts expect that DNB Bank ASA will post 2.89 EPS 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.