DNB Bank ASA (OTCMKTS:DNBBY) Sees Strong Trading Volume - Here's Why

Key Points

• DNB Bank ASA shares traded nearly flat at $33.62, with approximately 50,769 shares changing hands, essentially unchanged from the prior session’s volume.
• Analyst sentiment is cautious: the stock has a consensus rating of “Reduce”, based on one Buy, four Hold, and three Sell ratings, including recent downgrades from Barclays and Goldman Sachs.
• DNB matched quarterly EPS expectations at $0.69 and exceeded revenue estimates with $2.28 billion in quarterly revenue versus the $2.26 billion consensus.

Shares of DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) saw strong trading volume on Thursday. Approximately 50,769 shares changed hands during trading, a decline of 0% from the previous session's volume of 50,963 shares. The stock last traded at $33.62 and had previously closed at $33.63.

Wall Street Analyst Weigh In

DNBBY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of DNB Bank ASA in a report on Wednesday, September 16th. Barclays cut shares of DNB Bank ASA from an "overweight" rating to a "strong sell" rating in a research note on Friday, October 9th. Citigroup restated a "neutral" rating on shares of DNB Bank ASA in a research report on Friday, October 9th. The Goldman Sachs Group cut shares of DNB Bank ASA from a "hold" rating to a "sell" rating in a research note on Monday, July 20th. Finally, Morgan Stanley restated an "underweight" rating on shares of DNB Bank ASA in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, DNB Bank ASA currently has a consensus rating of "Reduce".

DNB Bank ASA Stock Performance

The stock has a market cap of $51.96 billion, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 9.30 and a beta of 0.70. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 3.51. The business has a 50 day moving average price of $33.31 and a two-hundred day moving average price of $31.77.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last released its earnings results on Wednesday, October 21st. The company reported $0.69 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.69. The firm had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.26 billion. DNB Bank ASA had a return on equity of 13.97% and a net margin of 21.34%. On average, sell-side analysts forecast that DNB Bank ASA will post 2.84 earnings per share for the current fiscal year.

DNB Bank ASA Company Profile

DNB Bank ASA is a Norway-based financial services company and the principal banking subsidiary of DNB ASA, Norway's largest financial group. The bank provides a broad range of services to individuals, businesses, institutional clients and public-sector organizations, including deposits, lending, mortgages, payment services, cards and everyday banking through digital and physical channels.

DNB also serves corporate and institutional customers with financing, cash management, trade finance, foreign exchange, investment banking and capital-markets services.

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