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

DNB Bank ASA (OTCMKTS:DNBBY) has been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company.

A number of equities research analysts have recently commented on DNBBY shares. The Goldman Sachs Group lowered shares of DNB Bank ASA from a “hold” rating to a “sell” rating in a research note on Monday. Zacks Research cut shares of DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Nordea Equity Research upgraded DNB Bank ASA to a “buy” rating in a report on Thursday, April 9th. Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a research note on Wednesday, July 8th. Finally, Barclays upgraded DNB Bank ASA from a “hold” rating to an “overweight” rating in a research report on Wednesday, April 8th.

DNB Bank ASA Price Performance

DNB Bank ASA stock opened at $30.90 on Thursday. The stock’s 50 day moving average is $30.46 and its 200 day moving average is $30.36. DNB Bank ASA has a one year low of $24.93 and a one year high of $33.81. The firm has a market cap of $47.91 billion, a P/E ratio of 11.04, a P/E/G ratio of 8.62 and a beta of 0.64. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.67 and a quick ratio of 1.67.

DNB Bank ASA (OTCMKTS:DNBBY) last released its earnings results on Tuesday, July 14th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. DNB Bank ASA had a net margin of 21.34% and a return on equity of 14.02%. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.28 billion. As a group, research analysts expect that DNB Bank ASA will post 2.89 EPS 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.