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

DNB Bank ASA (OTCMKTS:DNBBY) has been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company.

Several brokerages have issued reports on DNBBY. Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of DNB Bank ASA in a report on Thursday, July 30th. The Goldman Sachs Group cut shares of DNB Bank ASA from a “hold” rating to a “sell” rating in a research note on Monday, July 20th. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a report on Wednesday, July 8th. Finally, Zacks Research lowered shares of DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th.

DNB Bank ASA Price Performance

OTCMKTS:DNBBY opened at $34.41 on Friday. DNB Bank ASA has a 12-month low of $25.26 and a 12-month high of $34.57. The firm has a market capitalization of $53.35 billion, a price-to-earnings ratio of 12.29, a P/E/G ratio of 9.56 and a beta of 0.65. The stock’s 50 day moving average price is $31.81 and its two-hundred day moving average price is $31.20. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 3.51.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its 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. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.28 billion. DNB Bank ASA had a return on equity of 13.97% and a net margin of 21.34%. On average, analysts anticipate that DNB Bank ASA will post 2.92 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.