DNB Bank ASA (OTCMKTS:DNBBY) Given Average Recommendation of “Hold” by Brokerages

Shares of DNB Bank ASA (OTCMKTS:DNBBY) have been assigned a consensus rating of “Hold” from the seven analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating on the company.

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group lowered shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a report on Thursday, December 4th. Pareto Securities lowered shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a research report on Thursday, February 5th. Zacks Research raised shares of DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a report on Thursday, February 12th. Finally, Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a research note on Tuesday, February 10th.

DNB Bank ASA Stock Performance

DNB Bank ASA stock opened at $30.11 on Friday. The stock has a fifty day moving average price of $29.74 and a 200 day moving average price of $27.79. DNB Bank ASA has a 52 week low of $21.44 and a 52 week high of $32.35. The firm has a market capitalization of $44.49 billion, a P/E ratio of 10.99 and a beta of 0.71. The company has a current ratio of 1.44, a quick ratio of 1.45 and a debt-to-equity ratio of 3.16.

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 return on equity of 14.72% and a net margin of 21.00%.The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.35 billion. Equities research analysts anticipate 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.