DNB Bank ASA (OTCMKTS:DNBBY) Rating Lowered to Hold at Barclays

DNB Bank ASA (OTCMKTS:DNBBY) was downgraded by investment analysts at Barclays from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts also recently issued reports on the company. Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a research report on Wednesday, May 21st. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a research report on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of DNB Bank ASA in a research report on Tuesday, May 13th.

DNB Bank ASA Trading Down 1.6%

OTCMKTS:DNBBY opened at $27.10 on Monday. The company has a market cap of $42.01 billion, a P/E ratio of 9.93, a P/E/G ratio of 8.45 and a beta of 1.03. The stock’s fifty day moving average price is $25.50 and its two-hundred day moving average price is $23.08. DNB Bank ASA has a 1 year low of $18.72 and a 1 year high of $28.22. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.48 and a quick ratio of 1.42.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its earnings results on Wednesday, May 7th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.01. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $21.24 billion. DNB Bank ASA had a return on equity of 15.79% and a net margin of 20.70%. As a group, analysts expect that DNB Bank ASA will post 2.43 EPS for the current year.

DNB Bank ASA Company Profile

DNB Bank ASA provides financial services for individual and business customers in Norway and internationally. The company offers savings, current, and pension accounts; fixed rate and security deposits; home and cabin mortgages, car and consumer loans, business loans, and refinancing; car, house, home contents, travel, personal, and non-life insurance product; payment services; and online and mobile banking services, as well as cards.