DNB Bank ASA (OTCMKTS:DNBBY) Shares Gap Up - Should You Buy?

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $25.59, but opened at $26.56. DNB Bank ASA shares last traded at $26.03, with a volume of 3,758 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DNBBY shares. Barclays lowered DNB Bank ASA from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd. Citigroup reissued a "neutral" rating on shares of DNB Bank ASA in a report on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of DNB Bank ASA in a report on Tuesday, May 13th.

DNB Bank ASA Trading Up 1.5%

The company has a debt-to-equity ratio of 3.41, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $40.28 billion, a P/E ratio of 9.38 and a beta of 1.00. The firm has a fifty day moving average of $27.08 and a 200-day moving average of $24.48.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last issued its earnings results on Friday, July 11th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.04). The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $23.05 billion. DNB Bank ASA had a return on equity of 15.80% and a net margin of 21.24%. Equities research analysts forecast that DNB Bank ASA will post 2.43 earnings per share for the current year.

DNB Bank ASA Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were paid a $1.2311 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a dividend yield of 4.76%. DNB Bank ASA's payout ratio is presently 42.60%.

DNB Bank ASA Company Profile

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.