DNB Bank ASA (OTCMKTS:DNBBY) Sees Large Volume Increase – Time to Buy?

DNB Bank ASA (OTCMKTS:DNBBY) saw strong trading volume on Thursday . 205,291 shares were traded during mid-day trading, an increase of 401% from the previous session’s volume of 41,010 shares.The stock last traded at $31.7835 and had previously closed at $31.8715.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DNBBY shares. Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a research report on Tuesday, February 10th. Pareto Securities lowered shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a research report on Thursday, February 5th. The Goldman Sachs Group cut shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a report on Thursday, December 4th. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a research note on Thursday, February 12th. Finally, Zacks Research upgraded shares of DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, DNB Bank ASA currently has an average rating of “Hold”.

DNB Bank ASA Price Performance

The company has a debt-to-equity ratio of 3.16, a current ratio of 1.44 and a quick ratio of 1.45. The stock has a market capitalization of $46.66 billion, a price-to-earnings ratio of 11.53 and a beta of 0.73. The stock’s 50 day simple moving average is $29.24 and its 200-day simple moving average is $27.49.

DNB Bank ASA (OTCMKTS:DNBBY) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. DNB Bank ASA had a net margin of 21.00% and a return on equity of 14.72%. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.35 billion. On average, analysts expect 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.