DNB Bank ASA (OTCMKTS:DNBBY) Given Average Rating of “Hold” by Analysts

DNB Bank ASA (OTCMKTS:DNBBY) has been given an average recommendation of “Hold” by the six ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company.

A number of research firms have issued reports on DNBBY. Zacks Research raised shares of DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. The Goldman Sachs Group cut DNB Bank ASA from a “buy” rating to a “hold” rating in a report on Thursday, December 4th. Morgan Stanley reissued an “underweight” rating on shares of DNB Bank ASA in a report on Friday, January 9th. Finally, Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a research report on Tuesday, October 14th.

DNB Bank ASA Trading Up 0.2%

Shares of DNB Bank ASA stock opened at $28.52 on Thursday. The company has a market capitalization of $42.14 billion, a P/E ratio of 10.45 and a beta of 0.73. The business has a 50 day moving average price of $27.29 and a 200 day moving average price of $26.67. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.45 and a quick ratio of 1.45. DNB Bank ASA has a 1 year low of $20.66 and a 1 year high of $29.34.

DNB Bank ASA (OTCMKTS:DNBBY) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $0.69 EPS for the quarter, hitting the consensus estimate of $0.69. DNB Bank ASA had a net margin of 21.20% and a return on equity of 15.17%. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.23 billion. Sell-side analysts anticipate that DNB Bank ASA will post 2.43 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.