DNB Bank ASA (OTCMKTS:DNBBY) Given Average Rating of “Hold” by Brokerages

DNB Bank ASA (OTCMKTS:DNBBY) has received a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company.

DNBBY has been the subject of a number of recent research reports. Morgan Stanley reissued an “underweight” rating on shares of DNB Bank ASA in a report on Tuesday, September 2nd. Zacks Research raised shares of DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a research note on Tuesday, October 14th. Finally, The Goldman Sachs Group downgraded DNB Bank ASA from a “buy” rating to a “hold” rating in a research report on Thursday, December 4th.

DNB Bank ASA Trading Down 0.4%

Shares of DNBBY stock opened at $28.32 on Friday. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.45 and a current ratio of 1.45. DNB Bank ASA has a fifty-two week low of $19.46 and a fifty-two week high of $29.34. The stock has a 50 day simple moving average of $26.54 and a two-hundred day simple moving average of $26.62. The company has a market cap of $41.85 billion, a P/E ratio of 10.37 and a beta of 0.75.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its earnings results on Wednesday, October 22nd. The company reported $0.69 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.69. DNB Bank ASA had a net margin of 21.20% and a return on equity of 15.17%. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.23 billion. Research analysts forecast that DNB Bank ASA will post 2.43 earnings per share for the current year.

DNB Bank ASA Company Profile

DNB Bank ASA (OTCMKTS: DNBBY) is Norway’s largest financial services group, offering a broad range of banking, insurance and capital markets services to retail, corporate and institutional clients. The bank’s core activities encompass retail and commercial banking, corporate and investment banking, asset management, life insurance and pension products, as well as payment and card services. DNB provides traditional deposit and lending products, mortgages, savings and wealth management solutions, securities trading, corporate finance and treasury services.

The group operates through several specialized business lines, including DNB Markets for investment banking and capital markets activities and DNB Asset Management for portfolio management and investment funds.