DNB Bank ASA (DNBBY) to Release Earnings on Wednesday

DNB Bank ASA (OTCMKTS:DNBBY) is anticipated to release its results before the market opens on Wednesday, February 4th. Analysts expect DNB Bank ASA to post earnings of $0.65 per share for the quarter.

DNB Bank ASA Trading Up 3.0%

Shares of OTCMKTS:DNBBY opened at $29.63 on Wednesday. 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 $20.66 and a 12-month high of $29.63. The business has a 50 day moving average of $27.42 and a two-hundred day moving average of $26.69. The company has a market capitalization of $43.78 billion, a PE ratio of 10.85 and a beta of 0.73.

Wall Street Analyst Weigh In

DNBBY has been the subject of several analyst reports. The Goldman Sachs Group cut shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a research note on Thursday, December 4th. Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a research report on Tuesday, October 14th. Zacks Research upgraded DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.