DNB Bank ASA (OTCMKTS:DNBBY) Given Average Rating of “Hold” by Analysts

DNB Bank ASA (OTCMKTS:DNBBY) has been given an average rating of “Hold” by the seven analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company.

DNBBY has been the subject of a number of recent analyst reports. Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a research report on Wednesday, July 8th. Barclays upgraded shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a research report on Wednesday, April 8th. Nordea Equity Research raised shares of DNB Bank ASA to a “buy” rating in a research note on Thursday, April 9th. Zacks Research cut shares of DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Morgan Stanley reissued an “underweight” rating on shares of DNB Bank ASA in a research note on Wednesday, June 24th.

DNB Bank ASA Stock Performance

OTCMKTS DNBBY opened at $30.78 on Thursday. The company has a market capitalization of $47.72 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 8.64 and a beta of 0.64. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 3.01. DNB Bank ASA has a twelve month low of $24.93 and a twelve month high of $33.81. The stock has a fifty day simple moving average of $30.44 and a 200 day simple moving average of $30.28.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its earnings results on Tuesday, July 14th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. DNB Bank ASA had a return on equity of 14.02% and a net margin of 21.34%.The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.28 billion. Sell-side analysts expect that DNB Bank ASA will post 2.89 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.