Short Interest in DNB Bank ASA (OTCMKTS:DNBBY) Grows By 50.0%

DNB Bank ASA (OTCMKTS:DNBBY) was the recipient of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 6,300 shares, a growth of 50.0% from the May 15th total of 4,200 shares. Based on an average daily volume of 57,200 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

DNB Bank ASA Trading Down 1.7%

Shares of DNBBY opened at $27.90 on Wednesday. The stock has a market capitalization of $43.26 billion, a PE ratio of 10.15, a P/E/G ratio of 7.78 and a beta of 1.01. The company’s fifty day moving average is $26.18 and its 200 day moving average is $23.57. The company has a debt-to-equity ratio of 3.41, a quick ratio of 1.42 and a current ratio of 1.42. DNB Bank ASA has a fifty-two week low of $18.91 and a fifty-two week high of $28.85.

DNB Bank ASA (OTCMKTS:DNBBY) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.63 by $0.01. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $21.24 billion. DNB Bank ASA had a return on equity of 15.91% and a net margin of 21.27%. Sell-side analysts expect that DNB Bank ASA will post 2.43 earnings per share for the current fiscal year.

DNB Bank ASA Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 5th were paid a dividend of $1.2311 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a dividend yield of 4.76%. DNB Bank ASA’s dividend payout ratio is presently 42.91%.

Analysts Set New Price Targets

A number of research firms have commented on DNBBY. Barclays cut DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, June 2nd. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a research note on Friday, March 7th. Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a report on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of DNB Bank ASA in a research note on Tuesday, May 13th.

About DNB Bank ASA

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.