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

DNB Bank ASA (OTCMKTS:DNBBY) has been given a consensus recommendation of “Hold” by the six analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating on the company.

A number of equities research analysts recently issued reports on the stock. Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a research note on Tuesday, October 14th. Zacks Research raised DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a report on Tuesday, September 2nd. Finally, The Goldman Sachs Group lowered DNB Bank ASA from a “buy” rating to a “hold” rating in a research note on Thursday, December 4th.

DNB Bank ASA Price Performance

Shares of OTCMKTS DNBBY opened at $27.95 on Friday. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market capitalization of $41.30 billion, a price-to-earnings ratio of 10.24 and a beta of 0.75. The company has a 50 day simple moving average of $26.57 and a two-hundred day simple moving average of $26.61. DNB Bank ASA has a fifty-two week low of $19.72 and a fifty-two week high of $29.34.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $0.69 earnings per share for the quarter, meeting the consensus estimate of $0.69. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.23 billion. DNB Bank ASA had a net margin of 21.20% and a return on equity of 15.17%. Analysts expect that DNB Bank ASA will post 2.43 EPS 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.