DNB Bank ASA (OTCMKTS:DNBBY) Upgraded at Barclays

Barclays upgraded shares of DNB Bank ASA (OTCMKTS:DNBBY) from a hold rating to an overweight rating in a report issued on Wednesday, MarketBeat Ratings reports.

A number of other equities analysts also recently commented on the stock. Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a research note on Tuesday, February 10th. Pareto Securities cut DNB Bank ASA from a “buy” rating to a “hold” rating in a research report on Thursday, February 5th. Zacks Research raised DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

DNB Bank ASA Stock Down 0.3%

DNBBY stock opened at $32.55 on Wednesday. The company’s 50 day moving average price is $30.83 and its 200 day moving average price is $28.37. The firm has a market capitalization of $48.10 billion, a price-to-earnings ratio of 11.88 and a beta of 0.68. DNB Bank ASA has a fifty-two week low of $23.19 and a fifty-two week high of $32.94. 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 issued its quarterly 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 company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.35 billion. On average, equities research analysts anticipate that DNB Bank ASA will post 2.43 EPS for the current fiscal 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.