DNB Bank ASA (OTCMKTS:DNBBY) Given Average Recommendation of “Hold” by Brokerages

DNB Bank ASA (OTCMKTS:DNBBY) has received a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company.

A number of research firms have weighed in on DNBBY. Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a research report on Wednesday, April 29th. Barclays upgraded shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a research report on Wednesday, April 8th. 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. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a research report on Tuesday, May 12th. Finally, Nordea Equity Research upgraded shares of DNB Bank ASA to a “buy” rating in a research report on Thursday, April 9th.

DNB Bank ASA Stock Performance

OTCMKTS:DNBBY opened at $30.23 on Friday. The company has a debt-to-equity ratio of 3.01, a quick ratio of 1.67 and a current ratio of 1.67. The company has a fifty day moving average of $30.91 and a two-hundred day moving average of $29.86. The stock has a market capitalization of $46.87 billion, a PE ratio of 10.91 and a beta of 0.63. DNB Bank ASA has a fifty-two week low of $24.77 and a fifty-two week high of $33.81.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.67. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.29 billion. DNB Bank ASA had a net margin of 21.06% and a return on equity of 14.23%. As a group, research analysts forecast that DNB Bank ASA will post 2.89 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.