DNB Bank ASA (OTCMKTS:DNBBY) Shares Gap Down - Should You Sell?

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $28.08, but opened at $26.99. DNB Bank ASA shares last traded at $25.68, with a volume of 10,657 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of DNB Bank ASA in a report on Tuesday, May 13th. Citigroup reiterated a "neutral" rating on shares of DNB Bank ASA in a research note on Wednesday, May 21st. Finally, Barclays cut shares of DNB Bank ASA from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd.

DNB Bank ASA Trading Down 8.9%

The firm has a market cap of $39.67 billion, a PE ratio of 9.31, a P/E/G ratio of 7.82 and a beta of 1.00. The company's fifty day moving average price is $27.08 and its two-hundred day moving average price is $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 (OTCMKTS:DNBBY - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.63 by $0.01. DNB Bank ASA had a net margin of 21.27% and a return on equity of 15.91%. The firm had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $21.24 billion. As a group, sell-side analysts forecast that DNB Bank ASA will post 2.43 earnings per share for the current fiscal year.

DNB Bank ASA Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 5th were paid a $1.2311 dividend. 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 (DPR) is 42.91%.

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.