DNB Bank ASA (OTCMKTS:DNBBY) Sees Strong Trading Volume – Here’s Why

DNB Bank ASA (OTCMKTS:DNBBY) saw strong trading volume on Wednesday . 180,325 shares were traded during trading, an increase of 233% from the previous session’s volume of 54,202 shares.The stock last traded at $31.3070 and had previously closed at $30.90.

Analyst Ratings Changes

Several equities analysts have commented on the company. Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a research report on Wednesday, April 29th. Nordea Equity Research raised DNB Bank ASA to a “buy” rating in a research report on Thursday, April 9th. Pareto Securities lowered DNB Bank ASA from a “buy” rating to a “hold” rating in a research report on Thursday, February 5th. Barclays raised DNB Bank ASA from a “hold” rating to an “overweight” rating in a research report on Wednesday, April 8th. Finally, Zacks Research lowered DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

DNB Bank ASA Trading Up 0.9%

The stock has a 50 day moving average of $30.90 and a 200-day moving average of $29.14. The company has a market capitalization of $48.35 billion, a P/E ratio of 11.26 and a beta of 0.64. 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 posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. DNB Bank ASA had a return on equity of 14.63% and a net margin of 21.06%.The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. On average, research analysts predict that DNB Bank ASA will post 2.89 EPS for the current 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.