DNB Bank ASA (OTCMKTS:DNBBY) Declares $1.23 Dividend

DNB Bank ASA (OTCMKTS:DNBBY) announced a dividend on Tuesday, April 29th, investing.com reports. Shareholders of record on Monday, May 5th will be given a dividend of 1.2311 per share on Friday, May 16th. This represents a yield of 4.76%. The ex-dividend date is Friday, May 2nd.

DNB Bank ASA Stock Up 1.3 %

DNBBY opened at $26.21 on Wednesday. DNB Bank ASA has a 1-year low of $17.40 and a 1-year high of $26.96. The stock has a market cap of $39.12 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 8.45 and a beta of 1.04. The stock’s fifty day simple moving average is $24.59 and its 200 day simple moving average is $22.10. The company has a current ratio of 1.48, a quick ratio of 1.42 and a debt-to-equity ratio of 3.57.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.12. DNB Bank ASA had a net margin of 20.70% and a return on equity of 15.79%. As a group, research analysts expect that DNB Bank ASA will post 2.43 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on DNBBY. Barclays restated an “overweight” rating on shares of DNB Bank ASA in a research note on Thursday, March 6th. Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a research report on Thursday, April 24th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a research note on Friday, March 7th.

DNB Bank ASA Company Profile

DNB Bank ASA provides financial services for individual and business customers in Norway and internationally. The company offers savings, current, and pension accounts; fixed rate and security deposits; home and cabin mortgages, car and consumer loans, business loans, and refinancing; car, house, home contents, travel, personal, and non-life insurance product; payment services; and online and mobile banking services, as well as cards.