DNB Bank ASA (OTCMKTS:DNBBY) Rating Increased to Strong-Buy at Zacks Research

DNB Bank ASA (OTCMKTS:DNBBY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other research firms have also weighed in on DNBBY. Morgan Stanley reissued an “underweight” rating on shares of DNB Bank ASA in a research note on Thursday, February 12th. Pareto Securities cut shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a research report on Thursday, February 5th. The Goldman Sachs Group cut shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a research report on Thursday, December 4th. Finally, Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

DNB Bank ASA Price Performance

Shares of OTCMKTS:DNBBY opened at $31.64 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 cap of $46.75 billion, a PE ratio of 11.55 and a beta of 0.73. The company’s fifty day moving average is $28.61 and its 200 day moving average is $27.21. DNB Bank ASA has a 52 week low of $21.44 and a 52 week high of $31.96.

DNB Bank ASA (OTCMKTS:DNBBY) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.65 by $0.10. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.35 billion. DNB Bank ASA had a return on equity of 14.91% and a net margin of 21.00%. Research analysts anticipate that DNB Bank ASA will post 2.43 earnings per share for the current 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.