DNB Bank ASA (OTCMKTS:DNBBY) Stock Price Up 2% – Should You Buy?

DNB Bank ASA (OTCMKTS:DNBBY) shares rose 2% during mid-day trading on Monday . The company traded as high as $25.68 and last traded at $25.63. Approximately 38,686 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 44,570 shares. The stock had previously closed at $25.13.

Wall Street Analysts Forecast Growth

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

DNB Bank ASA Stock Up 2.0%

The stock’s 50-day moving average is $26.82 and its 200-day moving average is $25.06. The stock has a market cap of $39.74 billion, a P/E ratio of 9.25 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.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its quarterly earnings data on Friday, July 11th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $23.05 billion. As a group, research analysts anticipate that DNB Bank ASA will post 2.43 earnings per share for the current fiscal year.

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.