DNB Bank ASA (OTCMKTS:DNBBY) Posts Earnings Results, Meets Estimates

DNB Bank ASA (OTCMKTS:DNBBY) announced its quarterly earnings data on Thursday. The company reported $0.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.67, Zacks reports. DNB Bank ASA had a return on equity of 14.72% and a net margin of 21.00%.

DNB Bank ASA Stock Down 9.3%

DNBBY traded down $3.10 during trading on Thursday, hitting $30.29. 9,023 shares of the company’s stock were exchanged, compared to its average volume of 53,390. The company has a quick ratio of 1.45, a current ratio of 1.44 and a debt-to-equity ratio of 3.16. The business’s 50 day moving average is $31.29 and its two-hundred day moving average is $28.70. DNB Bank ASA has a fifty-two week low of $24.60 and a fifty-two week high of $33.81. The stock has a market cap of $46.96 billion, a P/E ratio of 11.05 and a beta of 0.68.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DNBBY shares. Nordea Equity Research raised DNB Bank ASA to a “buy” rating in a research note on Thursday, April 9th. Pareto Securities downgraded shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a research report on Thursday, February 5th. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a research report on Thursday, April 16th. Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a research report on Tuesday, February 10th. Finally, Barclays upgraded shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, DNB Bank ASA has a consensus rating of “Hold”.

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.