DNB Bank ASA (DNBBY) Expected to Release Earnings on Wednesday

DNB Bank ASA (OTCMKTS:DNBBY) is anticipated to announce its results before the market opens on Wednesday, October 21st. Analysts expect DNB Bank ASA to announce earnings of $0.6590 per share and revenue of $2.21 billion for the quarter.

DNB Bank ASA Trading Up 0.3%

Shares of DNBBY stock opened at $32.49 on Tuesday. The company has a market capitalization of $50.38 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 9.27 and a beta of 0.70. DNB Bank ASA has a 52-week low of $25.26 and a 52-week high of $34.78. The business’s fifty day moving average is $33.28 and its 200 day moving average is $31.74. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.70 and a current ratio of 1.70.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DNBBY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of DNB Bank ASA in a research note on Wednesday, September 16th. The Goldman Sachs Group cut DNB Bank ASA from a “hold” rating to a “sell” rating in a report on Monday, July 20th. Barclays downgraded DNB Bank ASA from an “overweight” rating to a “strong sell” rating in a research report on Friday, October 9th. Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a report on Friday, October 9th. Finally, Morgan Stanley reissued an “underweight” rating on shares of DNB Bank ASA in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

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.