DNB Bank ASA (OTCMKTS:DNBBY) Issues Earnings Results

DNB Bank ASA (OTCMKTS:DNBBY) posted its quarterly earnings results on Thursday. The company reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67, Zacks reports. DNB Bank ASA had a net margin of 21.00% and a return on equity of 14.72%. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.29 billion.

DNB Bank ASA Stock Performance

DNBBY opened at $29.89 on Friday. DNB Bank ASA has a 52-week low of $24.60 and a 52-week high of $33.81. The company has a market cap of $46.33 billion, a P/E ratio of 10.91 and a beta of 0.68. The company has a quick ratio of 1.45, a current ratio of 1.44 and a debt-to-equity ratio of 3.16. The firm’s 50-day moving average price is $31.27 and its 200-day moving average price is $28.71.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DNBBY shares. Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a research report on Thursday, April 16th. Nordea Equity Research raised DNB Bank ASA to a “buy” rating in a research report on Thursday, April 9th. Zacks Research upgraded DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Pareto Securities lowered shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a research report on Thursday, February 5th. Finally, Barclays upgraded shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.