DNB Bank ASA (OTCMKTS:DNBBY – Get Free Report) saw strong trading volume on Thursday. 50,769 shares traded hands during mid-day trading, a decline of 0% from the previous session’s volume of 50,963 shares. The stock last traded at $33.62 and had previously closed at $33.63.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on DNBBY shares. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a research report on Wednesday, June 24th. The Goldman Sachs Group downgraded shares of DNB Bank ASA from a “hold” rating to a “sell” rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of DNB Bank ASA in a research note on Wednesday, September 16th. Barclays downgraded shares of DNB Bank ASA from an “overweight” rating to a “strong sell” rating in a report on Friday, October 9th. Finally, Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a research report on Friday, October 9th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, DNB Bank ASA presently has an average rating of “Reduce”.
Check Out Our Latest Stock Report on DNB Bank ASA
DNB Bank ASA Price Performance
The firm has a market cap of $51.96 billion, a PE ratio of 11.97, a PEG ratio of 9.30 and a beta of 0.70. The firm has a fifty day simple moving average of $33.31 and a two-hundred day simple moving average of $31.77. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.70 and a current ratio of 1.70.
DNB Bank ASA (OTCMKTS:DNBBY – Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The company reported $0.69 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.69. The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.26 billion. DNB Bank ASA had a return on equity of 13.97% and a net margin of 21.34%. Equities analysts predict that DNB Bank ASA will post 2.84 EPS for the current fiscal year.
About DNB Bank ASA
DNB Bank ASA is a Norway-based financial services company and the principal banking subsidiary of DNB ASA, Norway’s largest financial group. The bank provides a broad range of services to individuals, businesses, institutional clients and public-sector organizations, including deposits, lending, mortgages, payment services, cards and everyday banking through digital and physical channels.
DNB also serves corporate and institutional customers with financing, cash management, trade finance, foreign exchange, investment banking and capital-markets services.
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