DNB Bank ASA (DNBBY) - What Are Investment Firms Thinking About This Stock?

Key Points

• DNB Bank ASA has a consensus “Reduce” rating among eight analysts: three recommend selling, four advise holding, and one recommends buying.
• Recent analyst sentiment has weakened, with Goldman Sachs downgrading the stock to “sell” and Barclays cutting it to “strong sell”; Citigroup and Deutsche Bank maintained neutral or hold ratings.
• DNB exceeded quarterly expectations, reporting $0.69 earnings per share versus the $0.66 consensus and $2.28 billion in revenue versus $2.21 billion expected. Shares opened at $33.82, near their 52-week high of $34.78.

Shares of DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) have received a consensus recommendation of "Reduce" from the eight analysts that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company.

Several research analysts have issued reports on DNBBY shares. Citigroup reiterated a "neutral" rating on shares of DNB Bank ASA in a report on Friday, October 9th. The Goldman Sachs Group lowered shares of DNB Bank ASA from a "hold" rating to a "sell" rating in a report on Monday, July 20th. Barclays lowered shares of DNB Bank ASA from an "overweight" rating to a "strong sell" rating in a research report on Friday, October 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of DNB Bank ASA in a report on Wednesday, September 16th.

DNB Bank ASA Price Performance

DNBBY opened at $33.82 on Friday. The business has a fifty day moving average of $33.34 and a 200 day moving average of $31.80. The stock has a market cap of $52.44 billion, a P/E ratio of 12.08, a PEG ratio of 9.59 and a beta of 0.70. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 3.51. DNB Bank ASA has a 52-week low of $25.26 and a 52-week high of $34.78.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last released its earnings results on Wednesday, October 21st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.21 billion. DNB Bank ASA had a return on equity of 13.69% and a net margin of 21.06%. As a group, sell-side analysts anticipate that DNB Bank ASA will post 2.84 EPS 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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