DNB Bank ASA (OTCMKTS:DNBBY) Given Consensus Recommendation of “Hold” by Brokerages

DNB Bank ASA (OTCMKTS:DNBBY) has been given an average rating of “Hold” by the six analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company.

Several research analysts have recently weighed in on the company. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a research report on Tuesday, October 14th. Zacks Research upgraded shares of DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. The Goldman Sachs Group lowered shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a report on Thursday, December 4th. Finally, Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a research note on Friday, January 9th.

DNB Bank ASA Trading Up 1.7%

Shares of DNBBY stock opened at $28.25 on Thursday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 3.42. The firm has a market capitalization of $41.74 billion, a P/E ratio of 10.35 and a beta of 0.73. DNB Bank ASA has a twelve month low of $20.66 and a twelve month high of $29.34. The stock’s fifty day simple moving average is $27.20 and its 200 day simple moving average is $26.66.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $0.69 earnings per share for the quarter, meeting the consensus estimate of $0.69. DNB Bank ASA had a return on equity of 15.17% and a net margin of 21.20%.The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.23 billion. As a group, sell-side analysts predict that DNB Bank ASA will post 2.43 EPS for the current fiscal 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.