DNB Bank ASA (OTCMKTS:DNBBY) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• DNB Bank ASA has a consensus “Hold” rating among eight analysts: four recommend holding, while two rate it a sell and two a buy.
• Recent analyst sentiment has weakened, with Zacks Research downgrading the stock to “Hold” and Goldman Sachs cutting its rating to “Sell”; other firms maintained neutral, underweight, or hold ratings.
• DNB exceeded quarterly expectations, reporting $0.69 EPS versus a $0.66 estimate and revenue of $2.31 billion versus $2.28 billion expected. Shares opened at $32.45, near their 52-week high of $33.81.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) has been given a consensus rating of "Hold" by the eight research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company.

DNBBY has been the subject of several recent research reports. Zacks Research cut DNB Bank ASA from a "strong-buy" rating to a "hold" rating in a report on Friday, May 8th. The Goldman Sachs Group cut shares of DNB Bank ASA from a "hold" rating to a "sell" rating in a research report on Monday, July 20th. Citigroup restated a "neutral" rating on shares of DNB Bank ASA in a report on Wednesday, July 8th. Morgan Stanley reaffirmed an "underweight" rating on shares of DNB Bank ASA in a research note on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of DNB Bank ASA in a report on Thursday, July 30th.

DNB Bank ASA Price Performance

Shares of DNBBY opened at $32.45 on Monday. The company has a market capitalization of $50.31 billion, a P/E ratio of 11.59, a PEG ratio of 9.11 and a beta of 0.64. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.70 and a quick ratio of 1.70. DNB Bank ASA has a one year low of $25.26 and a one year high of $33.81. The business's 50 day simple moving average is $30.62 and its 200-day simple moving average is $30.68.

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, beating analysts' consensus estimates of $0.66 by $0.03. DNB Bank ASA had a return on equity of 13.97% and a net margin of 21.34%.The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.28 billion. As a group, sell-side analysts predict that DNB Bank ASA will post 2.89 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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