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

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

Several research analysts recently weighed in on the company. Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a research report on Tuesday, February 10th. Zacks Research raised shares of DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Pareto Securities lowered shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a report 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. Finally, Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a research report on Thursday, February 12th.

DNB Bank ASA Trading Up 2.6%

OTCMKTS DNBBY opened at $32.01 on Monday. DNB Bank ASA has a 1 year low of $21.44 and a 1 year high of $32.35. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market capitalization of $47.30 billion, a PE ratio of 11.68 and a beta of 0.73. The company has a fifty day moving average of $28.79 and a 200 day moving average of $27.31.

DNB Bank ASA (OTCMKTS:DNBBY) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.35 billion. DNB Bank ASA had a return on equity of 14.91% and a net margin of 21.00%. Research analysts forecast that DNB Bank ASA will post 2.43 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.