DNB Bank ASA (OTCMKTS:DNBBY) Announces Earnings Results

DNB Bank ASA (OTCMKTS:DNBBY) posted its quarterly earnings data 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. DNB Bank ASA had a return on equity of 13.97% and a net margin of 21.34%.

DNB Bank ASA Trading Down 0.0%

Shares of OTCMKTS DNBBY opened at $32.48 on Wednesday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 3.51. The stock’s 50 day moving average price is $33.28 and its two-hundred day moving average price is $31.75. DNB Bank ASA has a 52-week low of $25.26 and a 52-week high of $34.78. The stock has a market capitalization of $50.36 billion, a P/E ratio of 11.60, a PEG ratio of 9.30 and a beta of 0.70.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a research note on Wednesday, June 24th. Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a research report on Friday, October 9th. Barclays lowered shares of DNB Bank ASA from an “overweight” rating to a “strong sell” rating in a research note on Friday, October 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of DNB Bank ASA in a research note on Wednesday, September 16th. Finally, The Goldman Sachs Group cut shares of DNB Bank ASA from a “hold” rating to a “sell” rating in a report on Monday, July 20th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to 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.