DNB Bank ASA (DNBBY) to Issue Dividend of $1.23 on May 16th

DNB Bank ASA (OTCMKTS:DNBBY) announced a dividend on Tuesday, April 29th, investing.com reports. Stockholders of record on Monday, May 5th will be paid a dividend of 1.2311 per share on Friday, May 16th. This represents a dividend yield of 4.76%. The ex-dividend date of this dividend is Friday, May 2nd.

DNB Bank ASA Stock Up 1.3 %

Shares of DNB Bank ASA stock opened at $26.21 on Wednesday. The stock’s fifty day moving average is $24.59 and its 200-day moving average is $22.10. The firm has a market capitalization of $39.12 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 8.45 and a beta of 1.04. The company has a quick ratio of 1.42, a current ratio of 1.48 and a debt-to-equity ratio of 3.57. DNB Bank ASA has a 12-month low of $17.40 and a 12-month high of $26.96.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its earnings results on Wednesday, February 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.12. DNB Bank ASA had a return on equity of 15.79% and a net margin of 20.70%. Equities analysts anticipate that DNB Bank ASA will post 2.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DNBBY. Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a research report on Friday, March 7th. Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a research report on Thursday, April 24th. Finally, Barclays reissued an “overweight” rating on shares of DNB Bank ASA in a research report on Thursday, March 6th.

About DNB Bank ASA

DNB Bank ASA provides financial services for individual and business customers in Norway and internationally. The company offers savings, current, and pension accounts; fixed rate and security deposits; home and cabin mortgages, car and consumer loans, business loans, and refinancing; car, house, home contents, travel, personal, and non-life insurance product; payment services; and online and mobile banking services, as well as cards.