DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) released its quarterly earnings data on Wednesday, May 7th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01, Zacks reports. DNB Bank ASA had a return on equity of 15.79% and a net margin of 20.70%. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $21.24 billion.
DNB Bank ASA Stock Up 0.8%
Shares of OTCMKTS:DNBBY traded up $0.19 during midday trading on Wednesday, hitting $25.46. The stock had a trading volume of 63,065 shares, compared to its average volume of 236,515. The company has a quick ratio of 1.42, a current ratio of 1.48 and a debt-to-equity ratio of 3.57. The company has a market cap of $39.47 billion, a P/E ratio of 9.33, a PEG ratio of 8.45 and a beta of 1.03. DNB Bank ASA has a 12 month low of $18.60 and a 12 month high of $27.05. The business's 50-day simple moving average is $25.10 and its 200-day simple moving average is $22.45.
DNB Bank ASA Cuts Dividend
The firm also recently declared a dividend, which will be paid on Friday, May 16th. Shareholders of record on Monday, May 5th will be paid a $1.2311 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a yield of 4.76%. DNB Bank ASA's payout ratio is currently 39.27%.
Analysts Set New Price Targets
A number of analysts recently issued reports on DNBBY shares. Citigroup reissued a "neutral" rating on shares of DNB Bank ASA in a research report on Thursday, April 24th. Barclays reissued an "overweight" rating on shares of DNB Bank ASA in a research report on Thursday, March 6th. Morgan Stanley restated an "underweight" rating on shares of DNB Bank ASA in a research note on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of DNB Bank ASA in a research note on Tuesday.
Read Our Latest Stock Analysis on DNB Bank ASA
About DNB Bank ASA
(
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.
Further Reading
Before you consider DNB Bank ASA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DNB Bank ASA wasn't on the list.
While DNB Bank ASA currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
