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

Shares of DNB Bank ASA (OTCMKTS:DNBBY – Get Rating) have received an average recommendation of “Hold” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $216.00.

Several research analysts recently weighed in on DNBBY shares. DNB Markets cut their target price on shares of DNB Bank ASA from 248.00 to 238.00 and set a “buy” rating for the company in a research note on Tuesday, April 5th. Deutsche Bank Aktiengesellschaft upgraded DNB Bank ASA from a “hold” rating to a “buy” rating and boosted their target price for the stock from 230.00 to 250.00 in a report on Wednesday, January 19th. Zacks Investment Research cut DNB Bank ASA from a “hold” rating to a “sell” rating in a report on Thursday, April 28th. Danske upgraded DNB Bank ASA from a “hold” rating to a “buy” rating and set a 230.00 price target for the company in a report on Wednesday, January 12th. Finally, Barclays decreased their price target on DNB Bank ASA from 186.00 to 181.00 and set an “underweight” rating for the company in a report on Wednesday, January 19th.

OTCMKTS:DNBBY traded down $0.85 during mid-day trading on Friday, reaching $19.33. 178,708 shares of the stock were exchanged, compared to its average volume of 96,994. The company has a quick ratio of 1.81, a current ratio of 1.49 and a debt-to-equity ratio of 3.17. The stock has a market capitalization of $29.97 billion, a P/E ratio of 10.62, a P/E/G ratio of 1.12 and a beta of 1.36. The company has a 50 day simple moving average of $21.93 and a 200-day simple moving average of $23.00. DNB Bank ASA has a 1 year low of $18.78 and a 1 year high of $25.91.

DNB Bank ASA (OTCMKTS:DNBBY – Get Rating) last posted its quarterly earnings data on Thursday, February 10th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. DNB Bank ASA had a net margin of 39.63% and a return on equity of 10.10%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.57 billion. As a group, research analysts predict that DNB Bank ASA will post 1.77 EPS for the current year.

The firm also recently announced a dividend, which will be paid on Thursday, May 12th. Stockholders of record on Thursday, April 28th will be paid a dividend of $0.9024 per share. This represents a dividend yield of 7.35%. The ex-dividend date of this dividend is Wednesday, April 27th. DNB Bank ASA’s dividend payout ratio (DPR) is currently 85.71%.

About DNB Bank ASA (Get Rating)

DNB Bank ASA provides financial services for retail and corporate customers in Norway and internationally. The company offers personal banking products and services, including savings and investment products; loans, such as home mortgages, and car and consumer loans; pet, home and property, travel, and personal insurance products, as well as insurance products for vehicles; retirement savings products; foreign exchange and treasury activities; and Internet and mobile banking services, as well as cards.

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