DNB Bank ASA (OTCMKTS:DNBBY) Posts Earnings Results, Beats Expectations By $0.03 EPS

by · The Markets Daily

DNB Bank ASA (OTCMKTS:DNBBY – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03, Zacks reports. DNB Bank ASA had a net margin of 21.34% and a return on equity of 13.97%.

DNB Bank ASA Stock Performance

Shares of DNBBY opened at $32.48 on Wednesday. DNB Bank ASA has a 12 month low of $25.26 and a 12 month high of $34.78. The firm has a fifty day simple moving average of $33.28 and a 200 day simple moving average of $31.75. The stock has a market capitalization of $50.36 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 9.30 and a beta of 0.70. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 3.51.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DNBBY. Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of DNB Bank ASA in a research note on Wednesday, September 16th. Barclays lowered DNB Bank ASA from an “overweight” rating to a “strong sell” rating in a report on Friday, October 9th. Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a research report on Wednesday, June 24th. Finally, The Goldman Sachs Group cut DNB Bank ASA from a “hold” rating to a “sell” rating in a research report on Monday, July 20th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Read Our Latest Stock Report on DNBBY

About DNB Bank ASA

(Get Free Report)

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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