DNB Bank ASA (OTCMKTS:DNBBY) Given Average Recommendation of “Hold” by Brokerages

Shares of DNB Bank ASA (OTCMKTS:DNBBY) have received a consensus rating of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a strong buy recommendation on the company.

A number of analysts have issued reports on DNBBY shares. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a research note on Thursday, February 12th. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a research note on Tuesday, February 10th. Zacks Research upgraded shares of DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Pareto Securities downgraded shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, The Goldman Sachs Group lowered DNB Bank ASA from a “buy” rating to a “hold” rating in a research report on Thursday, December 4th.

DNB Bank ASA Trading Up 0.8%

DNBBY opened at $31.64 on Monday. DNB Bank ASA has a 52 week low of $21.44 and a 52 week high of $31.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 3.42. The business has a fifty day simple moving average of $28.61 and a 200-day simple moving average of $27.21. The firm has a market cap of $46.75 billion, a P/E ratio of 11.55 and a beta of 0.73.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.10. DNB Bank ASA had a return on equity of 14.91% and a net margin of 21.00%.The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.35 billion. On average, equities analysts expect that DNB Bank ASA will post 2.43 earnings per share for the current 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.