DNB Bank ASA (OTCMKTS:DNBBY) Posts Quarterly Earnings Results, Hits Estimates

DNB Bank ASA (OTCMKTS:DNBBY) posted its earnings results on Thursday. The company reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67, Zacks reports. DNB Bank ASA had a net margin of 21.00% and a return on equity of 14.72%.

DNB Bank ASA Stock Down 10.1%

DNBBY stock traded down $3.37 during trading on Thursday, reaching $30.02. The stock had a trading volume of 14,458 shares, compared to its average volume of 53,446. DNB Bank ASA has a 1-year low of $24.60 and a 1-year high of $33.81. The company has a current ratio of 1.44, a quick ratio of 1.45 and a debt-to-equity ratio of 3.16. The company has a market capitalization of $46.54 billion, a P/E ratio of 10.96 and a beta of 0.68. The firm has a fifty day moving average price of $31.29 and a 200 day moving average price of $28.70.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DNBBY shares. Nordea Equity Research upgraded shares of DNB Bank ASA to a “buy” rating in a report on Thursday, April 9th. Pareto Securities lowered shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a report on Thursday, February 5th. Zacks Research upgraded shares of DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a report on Thursday, April 16th. Finally, Barclays upgraded shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

About DNB Bank ASA

DNB Bank ASA (OTCMKTS: DNBBY) is Norway’s largest financial services group, offering a broad range of banking, insurance and capital markets services to retail, corporate and institutional clients. The bank’s core activities encompass retail and commercial banking, corporate and investment banking, asset management, life insurance and pension products, as well as payment and card services. DNB provides traditional deposit and lending products, mortgages, savings and wealth management solutions, securities trading, corporate finance and treasury services.

The group operates through several specialized business lines, including DNB Markets for investment banking and capital markets activities and DNB Asset Management for portfolio management and investment funds.