DNB Bank ASA (OTCMKTS:DNBBY) Receives Consensus Recommendation of “Hold” from Analysts

DNB Bank ASA (OTCMKTS:DNBBY) has been given an average recommendation of “Hold” by the eight ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company.

Several equities research analysts have weighed in on the company. Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a report on Wednesday, July 8th. The Goldman Sachs Group cut DNB Bank ASA from a “hold” rating to a “sell” rating in a research note on Monday, July 20th. Morgan Stanley reissued an “underweight” rating on shares of DNB Bank ASA in a research report on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of DNB Bank ASA in a research note on Wednesday, September 16th.

DNB Bank ASA Stock Performance

OTCMKTS:DNBBY opened at $32.30 on Tuesday. The company has a fifty day simple moving average of $33.22 and a two-hundred day simple moving average of $31.61. The company has a market cap of $50.08 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 9.12 and a beta of 0.70. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 3.51. DNB Bank ASA has a 52 week low of $25.26 and a 52 week high of $34.78.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its quarterly earnings data on Tuesday, July 14th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.03. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.28 billion. DNB Bank ASA had a return on equity of 13.97% and a net margin of 21.34%. As a group, equities analysts anticipate that DNB Bank ASA will post 2.88 earnings per share for the current fiscal year.

About DNB Bank ASA

DNB Bank ASA is a Norway-based financial services group and the country’s largest bank. The company provides banking and financial products to individual customers, small and medium-sized businesses, large corporations, and public-sector organizations.

Its activities include personal and business banking, lending, deposits, payment services, savings and investment products, asset management, insurance, and pension services. DNB also offers corporate finance, investment banking, securities, and other capital-markets services.