DNB Bank ASA (OTCMKTS:DNBBY) Given Average Recommendation of “Hold” by Analysts

Shares of DNB Bank ASA (OTCMKTS:DNBBY – Get Free Report) have received an average rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company.

Several research analysts recently issued reports on DNBBY shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of DNB Bank ASA in a research note on Thursday, July 30th. The Goldman Sachs Group cut shares of DNB Bank ASA from a “hold” rating to a “sell” rating in a research report on Monday, July 20th. Zacks Research lowered DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a research report on Wednesday, July 8th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a report on Wednesday, June 24th.

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DNB Bank ASA Stock Up 0.7%

Shares of DNB Bank ASA stock opened at $33.06 on Monday. The stock’s 50-day moving average is $30.83 and its 200 day moving average is $30.81. DNB Bank ASA has a one year low of $25.26 and a one year high of $33.81. The firm has a market cap of $51.25 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 9.22 and a beta of 0.65. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.70 and a quick ratio of 1.70.

DNB Bank ASA (OTCMKTS:DNBBY – Get Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.03. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.28 billion. DNB Bank ASA had a return on equity of 13.97% and a net margin of 21.34%. Equities research analysts anticipate that DNB Bank ASA will post 2.89 EPS for the current year.

About DNB Bank ASA

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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.

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