DNB Bank ASA (OTCMKTS:DNBBY) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

DNB Bank ASA (OTCMKTS:DNBBY) announced its earnings results on Tuesday. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03, Zacks reports. DNB Bank ASA had a return on equity of 14.23% and a net margin of 21.06%.

DNB Bank ASA Price Performance

Shares of OTCMKTS DNBBY traded down $0.03 on Tuesday, hitting $30.55. The company’s stock had a trading volume of 5,485 shares, compared to its average volume of 58,427. The stock has a 50 day moving average of $30.39 and a 200-day moving average of $30.23. The company has a market capitalization of $47.36 billion, a price-to-earnings ratio of 11.03 and a beta of 0.64. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.67 and a quick ratio of 1.67. DNB Bank ASA has a 12-month low of $24.77 and a 12-month high of $33.81.

Analysts Set New Price Targets

A number of research analysts have commented on DNBBY shares. Nordea Equity Research raised shares of DNB Bank ASA to a “buy” rating in a research report on Thursday, April 9th. Zacks Research lowered shares of DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a research report on Wednesday, June 24th. Barclays raised DNB Bank ASA from a “hold” rating to an “overweight” rating in a report on Wednesday, April 8th. Finally, Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a research report on Wednesday, July 8th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

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.