DNB Bank ASA (OTCMKTS:DNBBY) to Issue Dividend of $1.23

DNB Bank ASA (OTCMKTS:DNBBY) declared a dividend on Tuesday, April 29th, investing.com reports. Shareholders of record on Monday, May 5th will be paid a dividend of 1.2311 per share on Friday, May 16th. This represents a yield of 4.76%. The ex-dividend date of this dividend is Friday, May 2nd.

DNB Bank ASA Price Performance

Shares of OTCMKTS DNBBY opened at $25.88 on Tuesday. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.48 and a quick ratio of 1.42. The firm’s 50 day simple moving average is $24.51 and its 200-day simple moving average is $22.08. DNB Bank ASA has a 12 month low of $17.40 and a 12 month high of $26.96. The stock has a market capitalization of $38.63 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 8.45 and a beta of 1.04.

DNB Bank ASA (OTCMKTS:DNBBY) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. DNB Bank ASA had a net margin of 20.70% and a return on equity of 15.79%. Analysts expect that DNB Bank ASA will post 2.43 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DNBBY. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a report on Thursday. Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a research note on Friday, March 7th. Finally, Barclays reissued an “overweight” rating on shares of DNB Bank ASA in a research note on Thursday, March 6th.

DNB Bank ASA Company Profile

DNB Bank ASA provides financial services for individual and business customers in Norway and internationally. The company offers savings, current, and pension accounts; fixed rate and security deposits; home and cabin mortgages, car and consumer loans, business loans, and refinancing; car, house, home contents, travel, personal, and non-life insurance product; payment services; and online and mobile banking services, as well as cards.