DNB Bank ASA (OTCMKTS:DNBBY) Given Average Rating of “Hold” by Brokerages

DNB Bank ASA (OTCMKTS:DNBBY) has earned a consensus rating of “Hold” from the seven research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company.

Several equities research analysts have recently issued reports on DNBBY shares. Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a research note on Wednesday, July 8th. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a research report on Wednesday, June 24th. Nordea Equity Research upgraded shares of DNB Bank ASA to a “buy” rating in a report on Thursday, April 9th. Barclays upgraded shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a research note on Wednesday, April 8th. Finally, The Goldman Sachs Group downgraded DNB Bank ASA from a “neutral” rating to a “sell” rating in a research report on Monday.

DNB Bank ASA Price Performance

Shares of OTCMKTS:DNBBY opened at $30.25 on Thursday. The company has a market cap of $46.91 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 8.64 and a beta of 0.64. The business has a 50 day moving average price of $30.43 and a 200 day moving average price of $30.31. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 3.01. DNB Bank ASA has a twelve month low of $24.93 and a twelve month high of $33.81.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. DNB Bank ASA had a return on equity of 14.02% and a net margin of 21.34%.The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.28 billion. Research analysts predict that DNB Bank ASA will post 2.89 earnings per share 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.