DNB Bank ASA (OTCMKTS:DNBBY) Shares Up 0.3% - Here's Why

Key Points

• DNB Bank ASA shares increased by 0.3% during trading, reaching a high of $27.08 before closing at $27.06.
• Analysts have set a consensus rating of "Reduce" for DNB Bank ASA, with Morgan Stanley reissuing an "underweight" rating.
• The company's last quarterly earnings report showed $0.66 EPS, missing estimates, with total revenue of $2.23 billion, significantly below the expected $23.05 billion.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) shares shot up 0.3% during trading on Monday . The stock traded as high as $27.08 and last traded at $27.06. 24,770 shares were traded during trading, a decline of 23% from the average session volume of 32,170 shares. The stock had previously closed at $26.98.

Analysts Set New Price Targets

Separately, Morgan Stanley reissued an "underweight" rating on shares of DNB Bank ASA in a research note on Tuesday, September 2nd. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce".

DNB Bank ASA Price Performance

The company has a market capitalization of $41.95 billion, a PE ratio of 9.77 and a beta of 0.93. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 3.74. The stock has a fifty day simple moving average of $26.62 and a 200-day simple moving average of $26.27.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last announced its quarterly 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 business had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $23.05 billion. DNB Bank ASA had a return on equity of 15.72% and a net margin of 21.24%. Equities analysts anticipate that DNB Bank ASA will post 2.43 earnings per share for the current year.

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.

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