DNB Bank ASA (OTCMKTS:DNBBY) Announces Quarterly Earnings Results

DNB Bank ASA (OTCMKTS:DNBBY) issued its quarterly earnings results on Tuesday. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03, Zacks reports. DNB Bank ASA had a net margin of 21.06% and a return on equity of 14.23%.

DNB Bank ASA Stock Down 0.1%

OTCMKTS DNBBY traded down $0.03 on Tuesday, hitting $30.55. 5,561 shares of the company were exchanged, compared to its average volume of 58,427. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 3.01. The company has a market cap of $47.36 billion, a PE ratio of 11.03 and a beta of 0.64. The stock has a fifty day moving average of $30.39 and a 200-day moving average of $30.23. DNB Bank ASA has a 12 month low of $24.77 and a 12 month high of $33.81.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. 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. Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a research note on Wednesday, July 8th. Nordea Equity Research upgraded DNB Bank ASA to a “buy” rating in a research report on Thursday, April 9th. Morgan Stanley reissued an “underweight” rating on shares of DNB Bank ASA in a research report on Wednesday, June 24th. Finally, Barclays upgraded shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a research note on Wednesday, April 8th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, DNB Bank ASA currently has a consensus rating of “Hold”.

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.