DNB Bank ASA (OTCMKTS:DNBBY) Stock Price Up 0.4% – Here’s What Happened

DNB Bank ASA (OTCMKTS:DNBBY)’s share price rose 0.4% during trading on Monday . The stock traded as high as $31.89 and last traded at $31.54. Approximately 41,347 shares changed hands during trading, a decline of 43% from the average daily volume of 72,398 shares. The stock had previously closed at $31.42.

Wall Street Analysts Forecast Growth

DNBBY has been the topic of several research analyst reports. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a report on Thursday, February 12th. Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a report on Tuesday, February 10th. Pareto Securities cut shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a report on Thursday, February 5th. Finally, Zacks Research upgraded shares of DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

DNB Bank ASA Stock Performance

The company’s fifty day simple moving average is $30.57 and its two-hundred day simple moving average is $28.24. The stock has a market capitalization of $46.60 billion, a P/E ratio of 11.51 and a beta of 0.68. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.45 and a current ratio of 1.44.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its earnings results on Wednesday, February 4th. The company reported $0.75 earnings per share (EPS) 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 14.72%. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.35 billion. As a group, equities analysts forecast that DNB Bank ASA will post 2.43 EPS 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.