DNB Bank ASA (OTCMKTS:DNBBY – Get Free Report)’s share price hit a new 52-week high during trading on Wednesday. The stock traded as high as $35.15 and last traded at $35.12, with a volume of 3,293 shares changing hands. The stock had previously closed at $34.2350.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of DNB Bank ASA in a report on Wednesday, September 16th. Barclays cut shares of DNB Bank ASA from an “overweight” rating to a “strong sell” rating in a research report on Friday, October 9th. Arctic Securiti upgraded shares of DNB Bank ASA to a “strong-buy” rating in a report on Thursday, October 22nd. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a research note on Friday, October 9th. Finally, The Goldman Sachs Group cut shares of DNB Bank ASA from a “hold” rating to a “sell” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, DNB Bank ASA has an average rating of “Hold”.
Check Out Our Latest Analysis on DNB Bank ASA
DNB Bank ASA Stock Up 1.9%
The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 3.51. The stock has a 50 day simple moving average of $33.48 and a 200 day simple moving average of $31.48. The firm has a market capitalization of $54.08 billion, a PE ratio of 12.46, a PEG ratio of 9.80 and a beta of 0.68.
DNB Bank ASA (OTCMKTS:DNBBY – Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. DNB Bank ASA had a return on equity of 13.69% and a net margin of 21.06%. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.21 billion. As a group, sell-side analysts forecast that DNB Bank ASA will post 2.84 earnings per share for the current year.
DNB Bank ASA Company Profile
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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