DNB Bank ASA (OTCMKTS:DNBBY) Trading Up 0.4% – Still a Buy?

Shares of DNB Bank ASA (OTCMKTS:DNBBY) were up 0.4% on Monday . The company traded as high as $31.89 and last traded at $31.54. Approximately 41,347 shares changed hands during trading, a decline of 43% from the average daily volume of 72,398 shares. The stock had previously closed at $31.42.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DNBBY shares. Pareto Securities cut DNB Bank ASA from a “buy” rating to a “hold” rating in a report on Thursday, February 5th. Zacks Research raised DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a report on Thursday, February 12th. Finally, Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, DNB Bank ASA has an average rating of “Hold”.

DNB Bank ASA Price Performance

The company has a 50 day moving average price of $30.62 and a 200 day moving average price of $28.27. The company has a market capitalization of $47.49 billion, a price-to-earnings ratio of 11.73 and a beta of 0.68. The company has a current ratio of 1.44, a quick ratio of 1.45 and a debt-to-equity ratio of 3.16.

DNB Bank ASA (OTCMKTS:DNBBY) last released its earnings results on Wednesday, February 4th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.65 by $0.10. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.35 billion. DNB Bank ASA had a return on equity of 14.72% and a net margin of 21.00%. As a group, equities research analysts forecast that DNB Bank ASA will post 2.43 earnings per share for the current 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.