DNB Bank ASA (OTCMKTS:DNBBY) Receives Consensus Recommendation of “Hold” from Analysts

DNB Bank ASA (OTCMKTS:DNBBY) has earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a strong buy recommendation to the company.

A number of research analysts have weighed in on the stock. Zacks Research raised shares of DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a research note on Thursday. The Goldman Sachs Group downgraded DNB Bank ASA from a “buy” rating to a “hold” rating in a research report on Thursday, December 4th. Pareto Securities cut DNB Bank ASA from a “buy” rating to a “hold” rating in a research report on Thursday, February 5th. Finally, Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a research report on Tuesday, February 10th.

DNB Bank ASA Stock Down 0.2%

Shares of DNB Bank ASA stock opened at $30.78 on Monday. DNB Bank ASA has a 12-month low of $21.44 and a 12-month high of $31.65. The stock has a market capitalization of $45.48 billion, a P/E ratio of 11.23 and a beta of 0.73. 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 stock has a 50 day moving average price of $28.34 and a two-hundred day moving average price of $27.10.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. DNB Bank ASA had a net margin of 21.00% and a return on equity of 14.91%. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Equities analysts expect that DNB Bank ASA will post 2.43 earnings per share for the current year.

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.