DNB Bank ASA (DNBBY) – What Are Brokerages Saying About This Stock?

DNB Bank ASA (OTCMKTS:DNBBY) has received a consensus rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, four have given a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of equities research analysts recently weighed in on DNBBY shares. Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a research note on Friday, October 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of DNB Bank ASA in a research report on Wednesday, September 16th. The Goldman Sachs Group cut shares of DNB Bank ASA from a “hold” rating to a “sell” rating in a research note on Monday, July 20th. Barclays downgraded shares of DNB Bank ASA from an “overweight” rating to a “strong sell” rating in a research report on Friday, October 9th. Finally, Arctic Securiti raised shares of DNB Bank ASA to a “strong-buy” rating in a research note on Thursday, October 22nd.

DNB Bank ASA Stock Performance

Shares of DNBBY stock opened at $34.77 on Friday. DNB Bank ASA has a 12-month low of $25.26 and a 12-month high of $35.00. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a market capitalization of $53.91 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 9.89 and a beta of 0.70. The business has a 50 day simple moving average of $33.45 and a 200 day simple moving average of $31.42.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its earnings results on Wednesday, October 21st. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.03. DNB Bank ASA had a return on equity of 13.69% and a net margin of 21.06%. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.21 billion. On average, equities research analysts anticipate that DNB Bank ASA will post 2.84 EPS for the current year.

About DNB Bank ASA

DNB Bank ASA is a Norway-based financial services company and the principal banking subsidiary of DNB ASA, Norway’s largest financial group. The bank provides a broad range of services to individuals, businesses, institutional clients and public-sector organizations, including deposits, lending, mortgages, payment services, cards and everyday banking through digital and physical channels.

DNB also serves corporate and institutional customers with financing, cash management, trade finance, foreign exchange, investment banking and capital-markets services.