DNB Bank ASA (DNBBY) to Release Earnings on Wednesday

DNB Bank ASA (OTCMKTS:DNBBY) is anticipated to post its results before the market opens on Wednesday, February 4th. Analysts expect DNB Bank ASA to post earnings of $0.65 per share for the quarter.

DNB Bank ASA Trading Up 3.0%

DNB Bank ASA stock opened at $29.63 on Wednesday. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market cap of $43.78 billion, a PE ratio of 10.85 and a beta of 0.73. The stock has a 50-day moving average of $27.42 and a two-hundred day moving average of $26.69. DNB Bank ASA has a one year low of $20.66 and a one year high of $29.63.

Analysts Set New Price Targets

DNBBY has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a report on Tuesday, October 14th. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a research note on Friday, January 9th. 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. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, DNB Bank ASA currently has a consensus rating of “Hold”.

About DNB Bank ASA

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.