DNB Bank ASA (OTCMKTS:DNBBY) Posts Earnings Results, Beats Estimates By $0.03 EPS

DNB Bank ASA (OTCMKTS:DNBBY) issued its earnings results on Wednesday. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03, Zacks reports. DNB Bank ASA had a net margin of 21.34% and a return on equity of 13.97%.

DNB Bank ASA Stock Performance

Shares of DNBBY stock opened at $32.48 on Wednesday. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.70 and a quick ratio of 1.70. The company’s fifty day moving average price is $33.28 and its two-hundred day moving average price is $31.75. The firm has a market capitalization of $50.36 billion, a P/E ratio of 11.60, a P/E/G ratio of 9.30 and a beta of 0.70. DNB Bank ASA has a 12 month low of $25.26 and a 12 month high of $34.78.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DNBBY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of DNB Bank ASA in a research report on Wednesday, September 16th. The Goldman Sachs Group lowered DNB Bank ASA from a “hold” rating to a “sell” rating in a research report on Monday, July 20th. Barclays cut DNB Bank ASA from an “overweight” rating to a “strong sell” rating in a research note on Friday, October 9th. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a research note on Wednesday, June 24th. Finally, Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a research report on Friday, October 9th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, DNB Bank ASA presently has a consensus rating of “Reduce”.

About DNB Bank ASA

DNB Bank ASA is a Norway-based financial services company and the principal banking subsidiary of DNB ASA, Norway’s largest financial group. The bank provides a broad range of services to individuals, businesses, institutional clients and public-sector organizations, including deposits, lending, mortgages, payment services, cards and everyday banking through digital and physical channels.

DNB also serves corporate and institutional customers with financing, cash management, trade finance, foreign exchange, investment banking and capital-markets services.