DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) traded down 0.1% on Monday . The stock traded as low as $27.57 and last traded at $27.63. 36,910 shares changed hands during mid-day trading, an increase of 51% from the average session volume of 24,411 shares. The stock had previously closed at $27.67.
Analyst Upgrades and Downgrades
Several research firms have weighed in on DNBBY. Citigroup reissued a "neutral" rating on shares of DNB Bank ASA in a research report on Wednesday, May 21st. Barclays downgraded DNB Bank ASA from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of DNB Bank ASA in a research report on Tuesday, May 13th.
View Our Latest Stock Analysis on DNBBY
DNB Bank ASA Stock Up 1.2%
The firm has a fifty day moving average price of $26.97 and a 200-day moving average price of $24.27. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 3.41. The firm has a market cap of $43.35 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 7.62 and a beta of 1.00.
DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.01. The firm had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $21.24 billion. DNB Bank ASA had a return on equity of 15.91% and a net margin of 21.27%. As a group, sell-side analysts forecast that DNB Bank ASA will post 2.43 EPS for the current year.
DNB Bank ASA Cuts Dividend
The company also recently disclosed a dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 5th were issued a $1.2311 dividend. This represents a yield of 4.76%. The ex-dividend date was Friday, May 2nd. DNB Bank ASA's dividend payout ratio is currently 42.91%.
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.
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