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

DNB Bank ASA (OTCMKTS:DNBBY) has been given an average rating of “Hold” by the seven brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating on the company.

Several equities analysts have recently weighed in on DNBBY shares. The Goldman Sachs Group downgraded DNB Bank ASA from a “buy” rating to a “hold” rating in a research report on Thursday, December 4th. Pareto Securities cut shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a research note on Thursday, February 5th. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a report on Thursday, February 12th. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a research note on Tuesday, February 10th. Finally, Zacks Research upgraded shares of DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th.

DNB Bank ASA Trading Down 0.9%

Shares of OTCMKTS:DNBBY opened at $29.98 on Friday. The business’s 50 day moving average price is $29.70 and its 200-day moving average price is $27.75. DNB Bank ASA has a 1 year low of $21.44 and a 1 year high of $32.35. The firm has a market capitalization of $44.30 billion, a price-to-earnings ratio of 10.94 and a beta of 0.71. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.44 and a quick ratio of 1.45.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.35 billion. DNB Bank ASA had a net margin of 21.00% and a return on equity of 14.72%. On average, equities research analysts forecast that DNB Bank ASA will post 2.43 earnings per share for the current fiscal 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.