DNB Bank ASA (OTCMKTS:DNBBY) Receives Average Recommendation of “Hold” from Brokerages

DNB Bank ASA (OTCMKTS:DNBBY) has received a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company.

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group downgraded shares of DNB Bank ASA from a “hold” rating to a “sell” rating in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of DNB Bank ASA in a report on Wednesday, September 16th. Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a research report on Wednesday, June 24th. 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 $32.17 on Tuesday. DNB Bank ASA has a 1 year low of $25.26 and a 1 year high of $34.78. The business’s fifty day moving average is $33.17 and its two-hundred day moving average is $31.58. The stock has a market capitalization of $49.88 billion, a P/E ratio of 11.49, a P/E/G ratio of 9.25 and a beta of 0.70. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.70 and a current ratio of 1.70.

DNB Bank ASA (OTCMKTS:DNBBY) last released its quarterly earnings data on Tuesday, July 14th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.28 billion. DNB Bank ASA had a return on equity of 13.97% and a net margin of 21.34%. On average, research analysts forecast that DNB Bank ASA will post 2.88 earnings per share for the current fiscal year.

About DNB Bank ASA

DNB Bank ASA is a Norway-based financial services group and the country’s largest bank. The company provides banking and financial products to individual customers, small and medium-sized businesses, large corporations, and public-sector organizations.

Its activities include personal and business banking, lending, deposits, payment services, savings and investment products, asset management, insurance, and pension services. DNB also offers corporate finance, investment banking, securities, and other capital-markets services.