DNB Bank ASA (OTCMKTS:DNBBY) Receives Average Rating of “Hold” from Analysts

Shares of DNB Bank ASA (OTCMKTS:DNBBY) have earned a consensus rating of “Hold” from the eight analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company.

Several research analysts have issued reports on DNBBY shares. The Goldman Sachs Group downgraded DNB Bank ASA from a “hold” rating to a “sell” rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of DNB Bank ASA in a research note on Thursday, July 30th. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a research report on Wednesday, June 24th. Zacks Research lowered DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Finally, Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a report on Wednesday, July 8th.

DNB Bank ASA Price Performance

OTCMKTS:DNBBY opened at $32.42 on Monday. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.70 and a current ratio of 1.70. The company has a 50-day moving average of $30.72 and a 200-day moving average of $30.77. DNB Bank ASA has a 52 week low of $25.26 and a 52 week high of $33.81. The company has a market capitalization of $50.26 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 9.05 and a beta of 0.65.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its earnings results on Tuesday, July 14th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. DNB Bank ASA had a return on equity of 13.97% and a net margin of 21.34%.The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.28 billion. As a group, equities research 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.