DNB Bank ASA (OTCMKTS:DNBBY) Given Consensus Recommendation of “Hold” by Analysts

Shares of DNB Bank ASA (OTCMKTS:DNBBY) have received a consensus recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company.

DNBBY has been the topic of several research analyst reports. Zacks Research cut shares of DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Morgan Stanley reissued an “underweight” rating on shares of DNB Bank ASA in a research report on Wednesday. Barclays raised shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a research report on Wednesday, April 8th. Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a research report on Wednesday, April 29th. Finally, Nordea Equity Research upgraded shares of DNB Bank ASA to a “buy” rating in a report on Thursday, April 9th.

DNB Bank ASA Price Performance

DNBBY opened at $29.49 on Friday. The company’s 50 day simple moving average is $30.62 and its 200 day simple moving average is $29.98. The company has a debt-to-equity ratio of 3.01, a quick ratio of 1.67 and a current ratio of 1.67. DNB Bank ASA has a 1 year low of $24.77 and a 1 year high of $33.81. The stock has a market capitalization of $45.72 billion, a PE ratio of 10.65 and a beta of 0.63.

DNB Bank ASA (OTCMKTS:DNBBY) last released its earnings results on Thursday, April 23rd. The company reported $0.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.67. DNB Bank ASA had a net margin of 21.06% and a return on equity of 14.23%. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.29 billion. As a group, sell-side analysts expect that DNB Bank ASA will post 2.89 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.