DNB Bank ASA (OTCMKTS:DNBBY) Sees Unusually-High Trading Volume – What’s Next?
by Doug Wharley · The Cerbat GemShares of DNB Bank ASA (OTCMKTS:DNBBY – Get Free Report) saw an uptick in trading volume on Wednesday . 180,325 shares changed hands during trading, an increase of 233% from the previous session’s volume of 54,202 shares.The stock last traded at $31.3070 and had previously closed at $30.90.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on DNBBY. Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a report on Wednesday, April 29th. Nordea Equity Research raised shares of DNB Bank ASA to a “buy” rating in a report on Thursday, April 9th. Barclays raised shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a report on Wednesday, April 8th. Zacks Research lowered shares of DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Finally, Pareto Securities lowered shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a report on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.
View Our Latest Stock Report on DNBBY
DNB Bank ASA Stock Performance
The stock’s 50 day moving average price is $30.94 and its 200 day moving average price is $29.22. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.45 and a current ratio of 1.44. The company has a market capitalization of $48.73 billion, a P/E ratio of 11.35 and a beta of 0.64.
DNB Bank ASA (OTCMKTS:DNBBY – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.67 EPS for the quarter, meeting analysts’ consensus estimates of $0.67. DNB Bank ASA had a net margin of 21.06% and a return on equity of 14.63%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. As a group, equities analysts expect that DNB Bank ASA will post 2.89 EPS for the current year.
DNB Bank ASA Company Profile
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.