DNB Bank ASA (OTCMKTS:DNBBY) Receives Average Rating of “Hold” from Brokerages

DNB Bank ASA (OTCMKTS:DNBBY) has been given a consensus rating of “Hold” by the six ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a strong buy recommendation to the company.

DNBBY has been the subject of several recent research reports. The Goldman Sachs Group lowered DNB Bank ASA from a “buy” rating to a “hold” rating in a report on Thursday, December 4th. Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a report on Tuesday, October 14th. Zacks Research raised shares of DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a research report on Tuesday, September 2nd.

DNB Bank ASA Stock Down 0.4%

Shares of DNBBY stock opened at $28.32 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 3.42. DNB Bank ASA has a 12 month low of $19.46 and a 12 month high of $29.34. The stock has a market cap of $41.85 billion, a P/E ratio of 10.37 and a beta of 0.75. The company has a 50 day simple moving average of $26.54 and a two-hundred day simple moving average of $26.62.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $0.69 earnings per share for the quarter, hitting the consensus estimate of $0.69. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.23 billion. DNB Bank ASA had a net margin of 21.20% and a return on equity of 15.17%. On average, research analysts expect that DNB Bank ASA will post 2.43 earnings per share 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.