DNB Bank ASA (DNBBY) to Release Quarterly Earnings on Wednesday

DNB Bank ASA (OTCMKTS:DNBBY) will likely be issuing its results before the market opens on Wednesday, February 4th. Analysts expect the company to announce earnings of $0.65 per share and revenue of $2.3545 billion for the quarter.

DNB Bank ASA Stock Performance

OTCMKTS DNBBY opened at $28.68 on Monday. DNB Bank ASA has a 12-month low of $20.66 and a 12-month high of $29.63. 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’s 50 day moving average is $27.61 and its two-hundred day moving average is $26.76. The stock has a market capitalization of $42.38 billion, a price-to-earnings ratio of 10.51 and a beta of 0.73.

Wall Street Analysts Forecast Growth

DNBBY has been the topic of a number of analyst reports. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a research report on Friday, January 9th. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a research report on Tuesday, October 14th. Zacks Research upgraded DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, The Goldman Sachs Group lowered DNB Bank ASA from a “buy” rating to a “hold” rating in a report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, DNB Bank ASA presently has an average rating of “Hold”.

DNB Bank ASA Company Profile

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.