DNB Bank ASA (OTCMKTS:DNBBY) Raised to "Strong-Buy" at Barclays

Key Points

• Barclays upgraded DNB Bank ASA from a "hold" to a "strong-buy" (Zacks also raised to strong-buy), but the analyst mix remains mixed — 2 Strong Buy, 4 Hold and 1 Sell, with an average rating of "Hold".
• Recent results beat expectations: DNB reported EPS of $0.75 vs. $0.65 consensus and revenue of $2.44B vs. $2.35B, with a 14.72% ROE and a 21% net margin.
• The stock opened at $32.66 (up 1.6%) and is trading near its 52-week high of $32.86, with a market cap of $48.26B and a P/E of 11.92.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) was upgraded by equities researchers at Barclays from a "hold" rating to a "strong-buy" rating in a research note issued on Wednesday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Morgan Stanley reissued an "underweight" rating on shares of DNB Bank ASA in a research report on Thursday, February 12th. Pareto Securities lowered DNB Bank ASA from a "buy" rating to a "hold" rating in a research report on Thursday, February 5th. Citigroup reissued a "neutral" rating on shares of DNB Bank ASA in a research report on Tuesday, February 10th. Finally, Zacks Research raised DNB Bank ASA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold".

DNB Bank ASA Stock Up 1.6%

Shares of OTCMKTS:DNBBY opened at $32.66 on Wednesday. DNB Bank ASA has a 52-week low of $22.51 and a 52-week high of $32.86. The firm has a market capitalization of $48.26 billion, a P/E ratio of 11.92 and a beta of 0.68. The stock has a 50 day moving average price of $30.75 and a 200-day moving average price of $28.33. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.45 and a current ratio of 1.44.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last announced its earnings results on Wednesday, February 4th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.10. DNB Bank ASA had a return on equity of 14.72% and a net margin of 21.00%.The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.35 billion. As a group, equities research analysts anticipate that DNB Bank ASA will post 2.43 EPS for the current fiscal year.

About DNB Bank ASA

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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