DNB Bank ASA (OTCMKTS:DNBBY) Shares Gap Up – What’s Next?

Shares of DNB Bank ASA (OTCMKTS:DNBBY) gapped up before the market opened on Monday . The stock had previously closed at $25.59, but opened at $26.56. DNB Bank ASA shares last traded at $26.03, with a volume of 3,758 shares.

Analyst Upgrades and Downgrades

DNBBY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of DNB Bank ASA in a report on Tuesday, May 13th. Barclays downgraded DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, June 2nd. Finally, Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a report on Wednesday, May 21st.

DNB Bank ASA Stock Down 2.1%

The company has a debt-to-equity ratio of 3.41, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $39.43 billion, a P/E ratio of 9.18 and a beta of 1.00. The stock has a fifty day moving average price of $27.09 and a two-hundred day moving average price of $24.53.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings results on Friday, July 11th. The company reported $0.66 earnings per share 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 15.80%. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $23.05 billion. Research analysts forecast that DNB Bank ASA will post 2.43 EPS for the current year.

DNB Bank ASA Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 16th. Investors 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 yield of 4.76%. DNB Bank ASA’s dividend payout ratio is currently 42.60%.

DNB Bank ASA Company Profile

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.