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

Shares of DNB Bank ASA (OTCMKTS:DNBBYGet 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.

A number of research firms have commented on DNBBY. Danske raised DNB Bank ASA from a “hold” rating to a “buy” rating and set a 230.00 target price for the company in a report on Wednesday, January 12th. 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. Zacks Investment Research cut DNB Bank ASA from a “hold” rating to a “sell” rating in a report on Thursday, April 28th. Morgan Stanley upgraded DNB Bank ASA from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from 203.00 to 225.00 in a report on Wednesday, April 20th. Finally, 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.

DNBBY traded down $0.85 on Friday, hitting $19.33. 178,708 shares of the company were exchanged, compared to its average volume of 96,994. DNB Bank ASA has a twelve month low of $18.78 and a twelve month high of $25.91. The company has a market cap of $29.97 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 1.12 and a beta of 1.36. The company has a current ratio of 1.49, a quick ratio of 1.81 and a debt-to-equity ratio of 3.17. The firm has a 50-day moving average price of $21.93 and a two-hundred day moving average price of $23.00.

DNB Bank ASA (OTCMKTS:DNBBYGet Rating) last posted its earnings results on Thursday, February 10th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.57 billion. DNB Bank ASA had a return on equity of 10.10% and a net margin of 39.63%. Equities analysts expect that DNB Bank ASA will post 1.77 EPS for the current year.

The business also recently declared a dividend, which will be paid on Thursday, May 12th. Shareholders of record on Thursday, April 28th will be issued a $0.9024 dividend. This represents a yield of 7.35%. The ex-dividend date of this dividend is Wednesday, April 27th. DNB Bank ASA’s dividend payout ratio is presently 85.71%.

DNB Bank ASA Company Profile (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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Analyst Recommendations for DNB Bank ASA (OTCMKTS:DNBBY)

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