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

Shares of DNB Bank ASA (OTCMKTS:DNBBY) have received a consensus rating of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company.

Several equities research analysts have recently commented on DNBBY shares. Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a research report on Wednesday, April 29th. Barclays upgraded shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a research report on Wednesday, April 8th. Zacks Research cut shares of DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a research report on Wednesday. Finally, Nordea Equity Research upgraded shares of DNB Bank ASA to a “buy” rating in a research report on Thursday, April 9th.

DNB Bank ASA Trading Down 0.2%

DNBBY opened at $29.61 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 3.01. The stock has a market capitalization of $45.91 billion, a PE ratio of 10.69 and a beta of 0.63. DNB Bank ASA has a 1-year low of $24.77 and a 1-year high of $33.81. The firm has a 50-day moving average price of $30.69 and a two-hundred day moving average price of $29.98.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. DNB Bank ASA had a net margin of 21.06% and a return on equity of 14.23%. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.29 billion. As a group, equities analysts anticipate that DNB Bank ASA will post 2.89 earnings per share 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.