DNB Bank ASA (OTCMKTS:DNBBY) Announces Quarterly Earnings Results

Key Points

• DNB Bank ASA reported earnings of $0.69 per share for the quarter, with a net margin of 21.24% and a return on equity of 15.72%.
• The company has a market capitalization of $40.16 billion and a current stock price around $27.18, reflecting a one-year low of $19.20 and a high of $28.85.
• Analysts have given the stock an average rating of "Reduce", with three holding ratings and one selling rating indicated.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.69 earnings per share for the quarter, Zacks reports. DNB Bank ASA had a net margin of 21.24% and a return on equity of 15.72%.

DNB Bank ASA Price Performance

Shares of OTCMKTS:DNBBY opened at $27.18 on Wednesday. DNB Bank ASA has a one year low of $19.20 and a one year high of $28.85. The stock has a market capitalization of $40.16 billion, a price-to-earnings ratio of 9.81 and a beta of 0.93. The company has a 50-day simple moving average of $26.77 and a 200-day simple moving average of $26.34. The company has a debt-to-equity ratio of 3.74, a quick ratio of 1.47 and a current ratio of 1.47.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Citigroup restated a "neutral" rating on shares of DNB Bank ASA in a research note on Tuesday, October 14th. Morgan Stanley reissued an "underweight" rating on shares of DNB Bank ASA in a research note on Tuesday, September 2nd. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, DNB Bank ASA presently has an average rating of "Reduce".

DNB Bank ASA Company Profile

DNB Bank ASA provides financial services for individual and business customers in Norway and internationally. The company offers savings, current, and pension accounts; fixed rate and security deposits; home and cabin mortgages, car and consumer loans, business loans, and refinancing; car, house, home contents, travel, personal, and non-life insurance product; payment services; and online and mobile banking services, as well as cards.

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