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

DNB Bank ASA (OTCMKTS:DNBBY) has been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a strong buy recommendation on the company.

DNBBY has been the subject of a number of recent research reports. Pareto Securities cut shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a research note on Thursday, February 5th. 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. Zacks Research upgraded shares of DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a report on Thursday. Finally, Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a research note on Tuesday, February 10th.

DNB Bank ASA Stock Performance

DNBBY opened at $30.78 on Monday. The stock has a market cap of $45.48 billion, a PE ratio of 11.23 and a beta of 0.73. 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 1 year low of $21.44 and a 1 year high of $31.65. The stock’s 50 day simple moving average is $28.34 and its 200-day simple moving average is $27.10.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its earnings results on Wednesday, February 4th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.65 by $0.10. DNB Bank ASA had a return on equity of 14.91% and a net margin of 21.00%.The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Sell-side analysts forecast that DNB Bank ASA will post 2.43 EPS 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.