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

DNB Bank ASA (OTCMKTS:DNBBY) announced its earnings results on Tuesday. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03, Zacks reports. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.28 billion. DNB Bank ASA had a net margin of 21.34% and a return on equity of 14.02%.

DNB Bank ASA Price Performance

Shares of OTCMKTS DNBBY opened at $30.75 on Thursday. The company has a debt-to-equity ratio of 3.01, a quick ratio of 1.67 and a current ratio of 1.67. DNB Bank ASA has a one year low of $24.77 and a one year high of $33.81. The firm has a market capitalization of $47.67 billion, a P/E ratio of 10.98 and a beta of 0.64. The company’s fifty day moving average is $30.41 and its two-hundred day moving average is $30.26.

Wall Street Analyst Weigh In

DNBBY has been the topic of several research reports. Barclays raised shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a research report on Wednesday, April 8th. Zacks Research downgraded shares of DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a research report on Wednesday, June 24th. Nordea Equity Research upgraded shares of DNB Bank ASA to a “buy” rating in a research note on Thursday, April 9th. Finally, Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a report on Wednesday, July 8th. Two investment 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. Based on data from MarketBeat.com, the stock 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.