DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report)'s stock price fell 0.1% during trading on Monday . The company traded as low as $27.57 and last traded at $27.63. 36,910 shares were traded 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.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. Citigroup restated a "neutral" rating on shares of DNB Bank ASA in a report on Wednesday, May 21st. Barclays downgraded shares of DNB Bank ASA from a "strong-buy" rating to a "hold" rating in a report on Monday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of DNB Bank ASA in a report on Tuesday, May 13th.
Read Our Latest Analysis on DNB Bank ASA
DNB Bank ASA Trading Down 8.9%
The firm has a market cap of $39.67 billion, a P/E ratio of 9.31, a PEG ratio of 7.76 and a beta of 1.00. 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's fifty day moving average is $27.07 and its two-hundred day moving average is $24.38.
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, topping analysts' consensus estimates of $0.63 by $0.01. DNB Bank ASA had a return on equity of 15.91% and a net margin of 21.27%. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $21.24 billion. Analysts predict that DNB Bank ASA will post 2.43 earnings per share for the current fiscal year.
DNB Bank ASA Cuts Dividend
The company also recently announced a dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were given a dividend of $1.2311 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a dividend yield of 4.76%. 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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