DNB Bank ASA (OTCMKTS:DNBBY) Downgraded to "Hold" Rating by Barclays

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) was downgraded by research analysts at Barclays from a "strong-buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

Several other research firms have also issued reports on DNBBY. Citigroup restated a "neutral" rating on shares of DNB Bank ASA in a research report on Wednesday, May 21st. Morgan Stanley restated an "underweight" rating on shares of DNB Bank ASA in a research report on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of DNB Bank ASA in a research report on Tuesday, May 13th.

DNB Bank ASA Price Performance

Shares of OTCMKTS DNBBY traded up $0.04 during trading hours on Monday, reaching $27.14. 24,850 shares of the stock traded hands, compared to its average volume of 207,686. The company has a market capitalization of $42.08 billion, a P/E ratio of 9.94, a price-to-earnings-growth ratio of 8.45 and a beta of 1.03. The company has a quick ratio of 1.42, a current ratio of 1.48 and a debt-to-equity ratio of 3.57. DNB Bank ASA has a 52-week low of $18.72 and a 52-week high of $28.22. The company's 50-day simple moving average is $25.50 and its two-hundred day simple moving average is $23.08.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.01. The company had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $21.24 billion. DNB Bank ASA had a return on equity of 15.79% and a net margin of 20.70%. Equities research analysts forecast that DNB Bank ASA will post 2.43 EPS for the current year.

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.