DNB Bank ASA (DNBBY) – What Are Researchers Saying About This Stock?

DNB Bank ASA (OTCMKTS:DNBBY) has been given a consensus rating of “Reduce” by the eight brokerages that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company.

Several equities analysts have recently weighed in on DNBBY shares. Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a research report on Friday, October 9th. Barclays downgraded shares of DNB Bank ASA from an “overweight” rating to a “strong sell” rating in a research note on Friday, October 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of DNB Bank ASA in a research report on Wednesday, September 16th. Finally, The Goldman Sachs Group lowered shares of DNB Bank ASA from a “hold” rating to a “sell” rating in a research note on Monday, July 20th.

DNB Bank ASA Price Performance

Shares of DNB Bank ASA stock opened at $33.82 on Friday. The firm has a market cap of $52.44 billion, a PE ratio of 12.08, a P/E/G ratio of 9.59 and a beta of 0.70. DNB Bank ASA has a twelve month low of $25.26 and a twelve month high of $34.78. The business has a 50-day moving average price of $33.34 and a 200 day moving average price of $31.80. 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 announced its earnings results on Wednesday, October 21st. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.21 billion. DNB Bank ASA had a return on equity of 13.69% and a net margin of 21.06%. Sell-side analysts predict that DNB Bank ASA will post 2.84 earnings per share for the current fiscal year.

DNB Bank ASA Company Profile

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.