DNB Bank ASA (OTCMKTS:DNBBY) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• DNB Bank ASA has a consensus “Hold” rating from eight analysts: two recommend selling, four recommend holding, and two recommend buying.
• The stock recently traded up 1.1% at $33.96, near its 12-month high of $34.78, with a market capitalization of approximately $52.65 billion.
• DNB reported quarterly earnings of $0.69 per share, exceeding the $0.66 consensus estimate, while revenue of $2.31 billion also topped expectations.

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

A number of equities analysts recently commented on the company. Citigroup restated a "neutral" rating on shares of DNB Bank ASA in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of DNB Bank ASA in a research report on Wednesday, September 16th. Morgan Stanley reaffirmed an "underweight" rating on shares of DNB Bank ASA in a report on Wednesday, June 24th. Finally, The Goldman Sachs Group lowered DNB Bank ASA from a "hold" rating to a "sell" rating in a report on Monday, July 20th.

DNB Bank ASA Trading Up 1.1%

OTCMKTS DNBBY opened at $33.96 on Tuesday. The firm's 50-day moving average is $33.05 and its two-hundred day moving average is $31.53. DNB Bank ASA has a 12 month low of $25.26 and a 12 month high of $34.78. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market capitalization of $52.65 billion, a P/E ratio of 12.13, a PEG ratio of 9.48 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 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. DNB Bank ASA had a net margin of 21.34% and a return on equity of 13.97%. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.28 billion. On average, sell-side analysts anticipate that DNB Bank ASA will post 2.88 earnings per share for the current year.

About DNB Bank ASA

DNB Bank ASA is a Norway-based financial services group and the country's largest bank. The company provides banking and financial products to individual customers, small and medium-sized businesses, large corporations, and public-sector organizations.

Its activities include personal and business banking, lending, deposits, payment services, savings and investment products, asset management, insurance, and pension services. DNB also offers corporate finance, investment banking, securities, and other capital-markets services.

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