DNB Bank ASA (OTCMKTS:DNBBY) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS

DNB Bank ASA (OTCMKTS:DNBBY) posted its quarterly earnings results on Wednesday. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.03, Zacks reports. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.27 billion. DNB Bank ASA had a net margin of 21.06% and a return on equity of 13.69%.

DNB Bank ASA Price Performance

Shares of OTCMKTS DNBBY opened at $33.57 on Friday. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.70 and a current ratio of 1.70. DNB Bank ASA has a one year low of $25.26 and a one year high of $34.78. The firm has a market capitalization of $52.05 billion, a P/E ratio of 11.99, a PEG ratio of 9.63 and a beta of 0.70. The company’s fifty day moving average is $33.32 and its two-hundred day moving average is $31.78.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group lowered DNB Bank ASA from a “hold” rating to a “sell” rating in a report on Monday, July 20th. Barclays downgraded DNB Bank ASA from an “overweight” rating to a “strong sell” rating in a research note on Friday, October 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of DNB Bank ASA in a research note on Wednesday, September 16th. Finally, Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a report on Friday, October 9th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

About DNB Bank ASA

DNB Bank ASA is a Norway-based financial services company and the principal banking subsidiary of DNB ASA, Norway’s largest financial group. The bank provides a broad range of services to individuals, businesses, institutional clients and public-sector organizations, including deposits, lending, mortgages, payment services, cards and everyday banking through digital and physical channels.

DNB also serves corporate and institutional customers with financing, cash management, trade finance, foreign exchange, investment banking and capital-markets services.