DNB Bank ASA (OTCMKTS:DNBBY) Given Consensus Rating of “Hold” by Brokerages

Shares of DNB Bank ASA (OTCMKTS:DNBBY) have earned a consensus rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a strong buy recommendation to the company.

DNBBY has been the topic of a number of recent research reports. The Goldman Sachs Group lowered shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a research note on Thursday, December 4th. Zacks Research raised DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a research report on Thursday, February 12th. Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a research report on Tuesday, February 10th. Finally, Pareto Securities lowered DNB Bank ASA from a “buy” rating to a “hold” rating in a research note on Thursday, February 5th.

DNB Bank ASA Trading Down 0.9%

Shares of DNB Bank ASA stock opened at $29.98 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.45 and a debt-to-equity ratio of 3.16. The company has a fifty day simple moving average of $29.70 and a 200-day simple moving average of $27.75. The stock has a market cap of $44.30 billion, a price-to-earnings ratio of 10.94 and a beta of 0.71. DNB Bank ASA has a 12-month low of $21.44 and a 12-month high of $32.35.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.65 by $0.10. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.35 billion. DNB Bank ASA had a net margin of 21.00% and a return on equity of 14.72%. On average, equities analysts forecast that DNB Bank ASA will post 2.43 EPS for the current fiscal 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.