DNB Bank ASA (OTCMKTS:DNBBY) Upgraded at Zacks Research

Zacks Research upgraded shares of DNB Bank ASA (OTCMKTS:DNBBY) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports.

A number of other research firms have also recently issued reports on DNBBY. Morgan Stanley reissued an “underweight” rating on shares of DNB Bank ASA in a research note on Thursday, February 12th. The Goldman Sachs Group downgraded shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a research note on Thursday, December 4th. Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a report on Tuesday, February 10th. Finally, Pareto Securities lowered DNB Bank ASA from a “buy” rating to a “hold” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

DNB Bank ASA Stock Down 1.4%

OTCMKTS:DNBBY opened at $31.21 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 3.42. DNB Bank ASA has a 12-month low of $21.44 and a 12-month high of $31.96. The stock’s fifty day simple moving average is $28.69 and its 200-day simple moving average is $27.24. The firm has a market capitalization of $46.12 billion, a P/E ratio of 11.39 and a beta of 0.73.

DNB Bank ASA (OTCMKTS:DNBBY) last released its earnings results on Wednesday, February 4th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.10. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.35 billion. DNB Bank ASA had a return on equity of 14.91% and a net margin of 21.00%. Equities research analysts expect 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.