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

DNB Bank ASA (OTCMKTS:DNBBY) is anticipated to release its results before the market opens on Wednesday, February 4th. Analysts expect DNB Bank ASA to post earnings of $0.65 per share and revenue of $2.3545 billion for the quarter.

DNB Bank ASA Trading Up 1.3%

OTCMKTS DNBBY opened at $29.06 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 3.42. The stock has a market capitalization of $42.94 billion, a P/E ratio of 10.64 and a beta of 0.73. DNB Bank ASA has a 52-week low of $20.66 and a 52-week high of $29.63. The firm has a 50-day moving average price of $27.68 and a 200 day moving average price of $26.79.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a report on Tuesday, October 14th. Zacks Research upgraded DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. The Goldman Sachs Group lowered shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a research report on Thursday, December 4th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.