DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Up 313.1% in April

DNB Bank ASA (OTCMKTS:DNBBY – Get Rating) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 97,500 shares, an increase of 313.1% from the April 15th total of 23,600 shares. Based on an average trading volume of 215,000 shares, the short-interest ratio is currently 0.5 days.

A number of brokerages recently weighed in on DNBBY. DNB Markets decreased their price objective on shares of DNB Bank ASA from 248.00 to 238.00 and set a “buy” rating for the company in a report on Tuesday, April 5th. Morgan Stanley upgraded shares of DNB Bank ASA from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from 203.00 to 225.00 in a report on Wednesday, April 20th. Deutsche Bank Aktiengesellschaft upgraded shares of DNB Bank ASA from a “hold” rating to a “buy” rating and boosted their price objective for the stock from 230.00 to 250.00 in a report on Wednesday, January 19th. Danske upgraded shares of DNB Bank ASA from a “hold” rating to a “buy” rating and set a 230.00 price objective for the company in a report on Wednesday, January 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of DNB Bank ASA from 190.00 to 200.00 and gave the stock a “neutral” rating in a research report on Friday, May 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, DNB Bank ASA presently has an average rating of “Hold” and a consensus price target of $197.80.

OTCMKTS:DNBBY opened at $18.11 on Thursday. DNB Bank ASA has a 12 month low of $17.87 and a 12 month high of $25.91. The company has a 50 day simple moving average of $21.65 and a two-hundred day simple moving average of $22.83. 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 company has a market cap of $28.08 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36.

DNB Bank ASA (OTCMKTS:DNBBY – Get Rating) last issued its quarterly earnings data on Thursday, February 10th. The company reported $0.42 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $1.57 billion. Research analysts forecast that DNB Bank ASA will post 1.77 earnings per share for the current year.

The firm also recently disclosed a dividend, which will be paid on Thursday, May 12th. Stockholders of record on Thursday, April 28th will be given 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 payout ratio is 89.01%.

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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