DNB Bank ASA (OTCMKTS:DNBBY) Given Average Recommendation of "Hold" by Analysts

Key Points

• DNB Bank ASA has an average analyst rating of "Hold" from eight firms (1 sell, 4 hold, 2 buy, 1 strong buy); recent notable moves include Barclays upgrading to overweight while Morgan Stanley remains underweight and Nordea and Zacks issued upgrades.
• The bank reported Q1 EPS of $0.67, matching estimates, but revenue of $2.24 billion slightly missed forecasts of $2.29 billion; trailing metrics include a return on equity of 14.63% and a net margin of 21.06%, with analysts projecting ~2.87 EPS for the year.
• Shares trade near $30.22 with a market cap of $46.85 billion and a PE of 10.91; the stock’s 50-day/200-day moving averages are $31.14 and $28.82 respectively, and the 12-month range is $24.60–$33.81.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) has been given an average rating of "Hold" by the eight research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company.

Several analysts have issued reports on the company. Barclays upgraded DNB Bank ASA from a "hold" rating to an "overweight" rating in a research note on Wednesday, April 8th. Morgan Stanley reiterated an "underweight" rating on shares of DNB Bank ASA in a research note on Thursday, April 16th. Citigroup reiterated a "neutral" rating on shares of DNB Bank ASA in a research note on Wednesday. Nordea Equity Research upgraded DNB Bank ASA to a "buy" rating in a research note on Thursday, April 9th. Finally, Zacks Research upgraded DNB Bank ASA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 17th.

DNB Bank ASA Stock Performance

Shares of DNBBY opened at $30.22 on Friday. The firm has a market cap of $46.85 billion, a PE ratio of 10.91 and a beta of 0.64. The stock's fifty day moving average price is $31.14 and its two-hundred day moving average price is $28.82. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.44 and a quick ratio of 1.45. DNB Bank ASA has a 1 year low of $24.60 and a 1 year high of $33.81.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last issued its earnings results on Thursday, April 23rd. The company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. DNB Bank ASA had a return on equity of 14.63% and a net margin of 21.06%. On average, equities research analysts forecast that DNB Bank ASA will post 2.87 EPS for the current 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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