DNB Bank ASA (OTCMKTS:DNBBY) Receives Consensus Recommendation of “Hold” from Analysts

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

Several equities analysts have recently weighed in on DNBBY shares. Zacks Research downgraded DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Barclays upgraded DNB Bank ASA from a “hold” rating to an “overweight” rating in a research report on Wednesday, April 8th. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a research report on Tuesday, May 12th. Nordea Equity Research upgraded DNB Bank ASA to a “buy” rating in a research report on Thursday, April 9th. Finally, Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a research note on Wednesday, April 29th.

DNB Bank ASA Stock Performance

OTCMKTS DNBBY opened at $31.44 on Wednesday. The company has a market cap of $48.74 billion, a PE ratio of 11.35 and a beta of 0.64. The stock’s 50 day simple moving average is $31.02 and its 200-day simple moving average is $29.34. DNB Bank ASA has a 1-year low of $24.77 and a 1-year high of $33.81. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.67 and a quick ratio of 1.67.

DNB Bank ASA (OTCMKTS:DNBBY) last released its earnings results on Thursday, April 23rd. The company reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.29 billion. DNB Bank ASA had a return on equity of 14.23% and a net margin of 21.06%. As a group, equities research analysts anticipate that DNB Bank ASA will post 2.89 EPS for the current fiscal 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.