DNB Bank ASA (OTCMKTS:DNBBY) Given Consensus Recommendation of “Hold” by Analysts

DNB Bank ASA (OTCMKTS:DNBBY) has received an average rating of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company.

Several equities research analysts recently weighed in on the stock. Nordea Equity Research raised shares of DNB Bank ASA to a “buy” rating in a research note on Thursday, April 9th. Zacks Research raised shares of DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Barclays raised shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a research report on Wednesday, April 8th. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a research note on Thursday, April 16th. Finally, Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a report on Wednesday, April 29th.

DNB Bank ASA Price Performance

Shares of DNBBY opened at $30.30 on Friday. DNB Bank ASA has a fifty-two week low of $24.77 and a fifty-two week high of $33.81. The firm’s 50 day moving average price is $31.04 and its 200 day moving average price is $28.91. The company has a market cap of $46.98 billion, a P/E ratio of 10.94 and a beta of 0.64. The company has a quick ratio of 1.45, a current ratio of 1.44 and a debt-to-equity ratio of 3.16.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its earnings results on Thursday, April 23rd. The company reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. DNB Bank ASA had a net margin of 21.06% and a return on equity of 14.63%. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.29 billion. On average, research analysts forecast that DNB Bank ASA will post 2.87 earnings per share for the current fiscal year.

DNB Bank ASA Company Profile

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.