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

Shares of DNB Bank ASA (OTCMKTS:DNBBY) have been given a consensus rating of “Hold” by the seven research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company.

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

DNB Bank ASA Stock Performance

Shares of OTCMKTS DNBBY opened at $30.23 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 3.01. DNB Bank ASA has a 12 month low of $24.77 and a 12 month high of $33.81. The company has a 50 day simple moving average of $30.91 and a two-hundred day simple moving average of $29.86. The stock has a market cap of $46.87 billion, a price-to-earnings ratio of 10.91 and a beta of 0.63.

DNB Bank ASA (OTCMKTS:DNBBY) last posted 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 firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.29 billion. DNB Bank ASA had a net margin of 21.06% and a return on equity of 14.23%. As a group, analysts predict that DNB Bank ASA will post 2.89 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.