DNB Bank ASA (OTCMKTS:DNBBY) Shares Gap Up – What’s Next?

DNB Bank ASA (OTCMKTS:DNBBY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $27.95, but opened at $29.0599. DNB Bank ASA shares last traded at $27.89, with a volume of 2,530 shares traded.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. The Goldman Sachs Group lowered DNB Bank ASA from a “buy” rating to a “hold” rating in a research note on Thursday, December 4th. Zacks Research raised shares of DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a research note on Tuesday, October 14th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, DNB Bank ASA has a consensus rating of “Hold”.

DNB Bank ASA Stock Down 0.2%

The company has a debt-to-equity ratio of 3.42, a current ratio of 1.45 and a quick ratio of 1.45. The company has a fifty day moving average price of $26.57 and a 200 day moving average price of $26.61. The company has a market cap of $41.20 billion, a PE ratio of 10.21 and a beta of 0.75.

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