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

Shares of DNB Bank ASA (OTCMKTS:DNBBY) have earned an average rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company.

DNBBY has been the topic of several research analyst reports. The Goldman Sachs Group cut shares of DNB Bank ASA from a “hold” rating to a “sell” rating in a research report on Monday, July 20th. Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a research report on Wednesday, July 8th. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a research report on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of DNB Bank ASA in a report on Thursday, July 30th.

DNB Bank ASA Trading Down 1.6%

OTCMKTS DNBBY opened at $34.18 on Friday. The stock has a market cap of $53.00 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 9.67 and a beta of 0.65. DNB Bank ASA has a fifty-two week low of $25.26 and a fifty-two week high of $34.78. The stock has a 50 day simple moving average of $32.30 and a two-hundred day simple moving average of $31.31. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.70 and a current ratio of 1.70.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its earnings results on Tuesday, July 14th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.28 billion. DNB Bank ASA had a return on equity of 13.97% and a net margin of 21.34%. On average, analysts forecast that DNB Bank ASA will post 2.92 earnings per share for the current year.

About DNB Bank ASA

DNB Bank ASA is a Norwegian financial services group headquartered in Oslo. It serves individuals, businesses, institutional customers and public-sector organizations through banking, financing and investment services. DNB is widely regarded as Norway’s largest bank and has a central role in the country’s financial system.

The company offers personal and business banking products, including deposit accounts, payment services, mortgages, consumer finance, corporate lending and leasing. Through its corporate and investment banking operations, DNB provides advisory services, capital markets solutions, securities services and financing for companies and institutions.