Barclays Upgrades DNB Bank ASA (OTCMKTS:DNBBY) to “Strong-Buy”

DNB Bank ASA (OTCMKTS:DNBBY) was upgraded by Barclays from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a report on Tuesday, February 10th. Pareto Securities cut shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a report on Thursday, February 5th. Zacks Research upgraded shares of DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a report on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

DNB Bank ASA Price Performance

Shares of DNBBY opened at $32.66 on Wednesday. DNB Bank ASA has a fifty-two week low of $22.51 and a fifty-two week high of $32.86. The firm’s 50 day moving average price is $30.75 and its 200 day moving average price is $28.33. The company has a market cap of $48.26 billion, a P/E ratio of 11.92 and a beta of 0.68. The company has a quick ratio of 1.45, a current ratio of 1.44 and a debt-to-equity ratio of 3.16.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its earnings results on Wednesday, February 4th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.10. DNB Bank ASA had a net margin of 21.00% and a return on equity of 14.72%. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.35 billion. On average, research analysts forecast that DNB Bank ASA will post 2.43 earnings per share for the current fiscal year.

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.