DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) announced its earnings results on Friday. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.04), Zacks reports. DNB Bank ASA had a return on equity of 15.91% and a net margin of 21.27%. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $23.05 billion.
DNB Bank ASA Stock Down 8.9%
Shares of DNBBY stock opened at $25.59 on Friday. The firm has a fifty day moving average of $27.08 and a 200-day moving average of $24.42. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 3.41. DNB Bank ASA has a 12-month low of $18.91 and a 12-month high of $28.85. The company has a market capitalization of $39.67 billion, a price-to-earnings ratio of 9.31, a P/E/G ratio of 7.82 and a beta of 1.00.
DNB Bank ASA Cuts Dividend
The business also recently disclosed a dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were given a dividend of $1.2311 per share. This represents a dividend yield of 4.76%. The ex-dividend date of this dividend was Friday, May 2nd. DNB Bank ASA's dividend payout ratio is 42.91%.
Analyst Upgrades and Downgrades
DNBBY has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of DNB Bank ASA in a research note on Tuesday, May 13th. Barclays cut shares of DNB Bank ASA from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd. Finally, Citigroup reiterated a "neutral" rating on shares of DNB Bank ASA in a research note on Wednesday, May 21st.
View Our Latest Stock Analysis on DNB Bank ASA
DNB Bank ASA Company Profile
(
Get Free Report)
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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