DNB Bank ASA (OTCMKTS:DNBBY) Receives Consensus Rating of “Hold” from Brokerages

DNB Bank ASA (OTCMKTS:DNBBY) has earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a strong buy recommendation to the company.

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

DNB Bank ASA Stock Performance

OTCMKTS:DNBBY opened at $32.01 on Monday. The stock has a market capitalization of $47.30 billion, a P/E ratio of 11.68 and a beta of 0.73. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 3.42. DNB Bank ASA has a 1 year low of $21.44 and a 1 year high of $32.35. The firm has a 50 day moving average of $28.79 and a 200-day moving average of $27.28.

DNB Bank ASA (OTCMKTS:DNBBY) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.35 billion. As a group, sell-side analysts anticipate that DNB Bank ASA will post 2.43 EPS for the current fiscal 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.