DNB Bank ASA (OTCMKTS:DNBBY) Issues Quarterly Earnings Results, Misses Expectations By $0.04 EPS

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) released its quarterly earnings data on Friday. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.04), Zacks reports. DNB Bank ASA had a net margin of 21.24% and a return on equity of 15.80%. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $23.05 billion.

DNB Bank ASA Trading Down 2.1%

Shares of DNBBY traded down $0.55 during mid-day trading on Tuesday, reaching $25.43. 203,786 shares of the company's stock traded hands, compared to its average volume of 172,882. DNB Bank ASA has a 12 month low of $18.91 and a 12 month high of $28.85. The stock has a market cap of $39.43 billion, a P/E ratio of 9.18 and a beta of 1.00. The stock's 50-day moving average is $27.08 and its two-hundred day moving average is $24.48. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.42 and a quick ratio of 1.42.

DNB Bank ASA Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were paid a dividend of $1.2311 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a dividend yield of 4.76%. DNB Bank ASA's dividend payout ratio is 42.60%.

Wall Street Analysts Forecast Growth

DNBBY has been the subject of several recent analyst reports. Citigroup restated a "neutral" rating on shares of DNB Bank ASA in a research note on Wednesday, May 21st. Barclays downgraded DNB Bank ASA from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of DNB Bank ASA in a report on Tuesday, May 13th.

About DNB Bank ASA

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.