DNB Bank ASA (OTCMKTS:DNBBY) Receives Average Rating of “Hold” from Analysts

DNB Bank ASA (OTCMKTS:DNBBY) has been assigned an average rating of “Hold” from the five ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company.

A number of research firms recently issued reports on DNBBY. Zacks Research upgraded DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a research note on Tuesday, October 14th. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a research report on Tuesday, September 2nd. Finally, The Goldman Sachs Group downgraded DNB Bank ASA from a “buy” rating to a “neutral” rating in a research report on Thursday.

DNB Bank ASA Stock Up 0.1%

DNB Bank ASA stock traded up $0.04 during midday trading on Wednesday, hitting $27.19. The stock had a trading volume of 25,544 shares, compared to its average volume of 113,779. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 3.42. The business has a fifty day moving average price of $26.43 and a 200 day moving average price of $26.61. DNB Bank ASA has a 12 month low of $19.20 and a 12 month high of $28.85. The stock has a market cap of $40.17 billion, a P/E ratio of 9.96 and a beta of 0.75.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $0.69 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.69. DNB Bank ASA had a net margin of 21.20% and a return on equity of 15.17%. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.23 billion. Research analysts predict that DNB Bank ASA will post 2.43 EPS for the current year.

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.