DNB Bank ASA (OTCMKTS:DNBBY) Receives Average Rating of "Hold" from Brokerages

Key Points

• Consensus rating: Hold. Seven analysts cover DNB Bank ASA with a consensus "Hold" — 1 sell, 5 hold and 1 strong buy.
• Quarterly beat: DNB reported EPS of $0.75 (vs. $0.65 expected) and revenue of $2.44B (vs. $2.35B), with a return on equity of 14.72% and a net margin of 21.0%.
• Stock snapshot: Shares opened at $31.54, market cap $46.6B and P/E 11.51, trading in a 1-year range of $21.44–$32.35 with 50‑day/200‑day averages of $30.57 and $28.24.

Shares of DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) have been given a consensus rating of "Hold" by the seven research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a strong buy recommendation on the company.

DNBBY has been the subject of a number of research reports. Morgan Stanley reissued an "underweight" rating on shares of DNB Bank ASA in a research report on Thursday, February 12th. Pareto Securities cut DNB Bank ASA from a "buy" rating to a "hold" rating in a research report on Thursday, February 5th. Zacks Research raised DNB Bank ASA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 17th. Finally, Citigroup reaffirmed a "neutral" rating on shares of DNB Bank ASA in a research report on Tuesday, February 10th.

DNB Bank ASA Price Performance

DNBBY opened at $31.54 on Tuesday. The stock has a market cap of $46.60 billion, a price-to-earnings ratio of 11.51 and a beta of 0.68. DNB Bank ASA has a 1 year low of $21.44 and a 1 year high of $32.35. The company has a current ratio of 1.44, a quick ratio of 1.45 and a debt-to-equity ratio of 3.16. The stock has a fifty day moving average price of $30.57 and a 200 day moving average price of $28.24.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.10. The firm had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.35 billion. DNB Bank ASA had a return on equity of 14.72% and a net margin of 21.00%. Analysts forecast 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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