DNB Bank ASA (OTCMKTS:DNBBY) Receives Consensus Rating of "Hold" from Analysts

Key Points

• DNB Bank ASA has a consensus “Hold” rating from eight analysts: two rate it Sell, four Hold, and two Buy. Recent actions included downgrades from Zacks Research and Goldman Sachs.
• Shares opened at $34.41, near the company’s 52-week high of $34.57, with a market capitalization of approximately $53.35 billion and a P/E ratio of 12.29.
• DNB reported quarterly EPS of $0.69, exceeding the $0.66 consensus estimate, while revenue of $2.31 billion also topped expectations of $2.28 billion.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) has earned an average recommendation of "Hold" from the eight ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company.

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

DNB Bank ASA Price Performance

Shares of DNBBY opened at $34.41 on Friday. The stock has a 50 day simple moving average of $31.81 and a 200 day simple moving average of $31.20. DNB Bank ASA has a 52-week low of $25.26 and a 52-week high of $34.57. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a market capitalization of $53.35 billion, a PE ratio of 12.29, a P/E/G ratio of 9.56 and a beta of 0.65.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last announced its earnings results on Tuesday, July 14th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.28 billion. DNB Bank ASA had a net margin of 21.34% and a return on equity of 13.97%. Sell-side analysts predict that DNB Bank ASA will post 2.92 EPS for the current fiscal year.

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.

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