DNB Bank ASA (OTCMKTS:DNBBY) Given Consensus Recommendation of “Hold” by Brokerages

DNB Bank ASA (OTCMKTS:DNBBY) has received a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company.

A number of research analysts recently commented on DNBBY shares. Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a research note on Wednesday, July 8th. Zacks Research cut DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Nordea Equity Research raised shares of DNB Bank ASA to a “buy” rating in a report on Thursday, April 9th. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a research report on Wednesday, June 24th. Finally, Barclays raised shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a research report on Wednesday, April 8th.

DNB Bank ASA Price Performance

Shares of DNBBY opened at $30.75 on Thursday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 3.01. DNB Bank ASA has a 52 week low of $24.77 and a 52 week high of $33.81. The stock has a 50 day moving average of $30.41 and a 200-day moving average of $30.26. The firm has a market cap of $47.67 billion, a price-to-earnings ratio of 10.98 and a beta of 0.64.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its earnings results on Tuesday, July 14th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.28 billion. DNB Bank ASA had a net margin of 21.34% and a return on equity of 14.02%. As a group, analysts forecast that DNB Bank ASA will post 2.89 EPS for the current year.

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.