DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) shot up 2% during mid-day trading on Monday . The stock traded as high as $25.68 and last traded at $25.63. 38,686 shares changed hands during trading, a decline of 13% from the average session volume of 44,570 shares. The stock had previously closed at $25.13.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the company. Citigroup reissued a "neutral" rating on shares of DNB Bank ASA in a research note on Wednesday, May 21st. Barclays lowered 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 Stock Analysis on DNB Bank ASA
DNB Bank ASA Stock Performance
The company has a market cap of $40.06 billion, a price-to-earnings ratio of 9.33 and a beta of 0.97. 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's fifty day simple moving average is $26.73 and its 200 day simple moving average is $25.10.
DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last released its quarterly earnings data on Friday, July 11th. The company reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.04). DNB Bank ASA had a net margin of 21.24% and a return on equity of 15.72%. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $23.05 billion. As a group, analysts anticipate that DNB Bank ASA will post 2.43 earnings per share for the current year.
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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