DNB Bank ASA (OTCMKTS:DNBBY) Shares Down 6.7% – Time to Sell?

DNB Bank ASA (OTCMKTS:DNBBY)’s stock price traded down 6.7% during mid-day trading on Wednesday . The stock traded as low as $25.77 and last traded at $25.77. 14,596 shares were traded during trading, a decline of 46% from the average session volume of 26,878 shares. The stock had previously closed at $27.6120.

Analyst Ratings Changes

DNBBY has been the subject of a number of research analyst reports. Morgan Stanley reissued an “underweight” rating on shares of DNB Bank ASA in a research note on Friday. The Goldman Sachs Group lowered shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a research note on Thursday, December 4th. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a research note on Tuesday, October 14th. Finally, Zacks Research upgraded shares of DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, DNB Bank ASA presently has an average rating of “Hold”.

DNB Bank ASA Stock Performance

The firm’s fifty day moving average price is $26.94 and its 200 day moving average price is $26.63. The firm has a market cap of $41.51 billion, a P/E ratio of 10.29 and a beta of 0.73. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.45 and a current ratio of 1.45.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.23 billion. DNB Bank ASA had a net margin of 21.20% and a return on equity of 15.17%. Sell-side analysts expect that DNB Bank ASA will post 2.43 EPS 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.