DNB Bank ASA (OTCMKTS:DNBBY) upgraded to “Hold” at Zacks Investment Research

DNB Bank ASA (OTCMKTS: DNBBYGet a rating) has been upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report released Friday, Zacks.com reports.

According to Zacks, “DNB ASA is a commercial bank that provides banking products and services to individuals and businesses, primarily in Norway and abroad. The company offers savings and investment products, loans, advisory investment banking, financing services, insurance products, foreign exchange, cash management, payment and pension services as well as card services, advisory services and real estate brokerage. head office in Oslo, Norway.”

Several other research companies also recently commented on DNBBY. DNB Markets lowered its price target on DNB Bank ASA from 248.00 to 238.00 and placed a “buy” rating on the stock in a Tuesday April 5 research note. JPMorgan Chase & Co. lowered its price target on DNB Bank ASA from 215.00 to 190.00 and set a “neutral” rating on the stock in a Monday, March 14 research note. Morgan Stanley upgraded DNB Bank ASA from an “underweight” rating to an “equal weight” rating and raised its price target for the stock from 203.00 to 225.00 in a research note on Wednesday. Barclays lowered its price target on DNB Bank ASA from 186.00 to 181.00 and set an “underweight” rating on the stock in a research note on Wednesday January 19. Finally, Danske upgraded DNB Bank ASA from a “hold” rating to a “buy” rating and set a price target of 230.00 on the stock in a Wednesday, January 12 research note. One research analyst rated the stock with a sell rating, four assigned a hold rating and five issued a buy rating to the company’s shares. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $196.80.

DNBBY Stock traded down $0.17 during Friday’s trading, hitting $22.15. The stock recorded trading volume of 67,879 shares, compared to an average trading volume of 86,875. DNB Bank ASA has a 52-week low of $18.78 and a 52-week high of $25.91. The stock’s 50-day moving average is $22.47 and its two-hundred-day moving average is $23.26. The company has a current ratio of 1.49, a quick ratio of 1.81 and a debt ratio of 3.17. The company has a market capitalization of $34.34 billion, a PE ratio of 12.17, a PEG ratio of 1.28 and a beta of 1.38.

DNB Bank ASA (OTCMKTS: DNBBYGet a rating) last reported results on Thursday, February 10. The company reported earnings per share of $0.42 for the quarter, beating consensus analyst estimates of $0.40 by $0.02. DNB Bank ASA achieved a return on equity of 10.10% and a net margin of 39.63%. The company posted revenue of $1.68 billion for the quarter, versus a consensus estimate of $1.57 billion. On average, research analysts expect DNB Bank ASA to post 1.77 EPS for the current year.

DNB Bank ASA Company Profile (Get a rating)

DNB Bank ASA provides financial services to individuals and businesses in Norway and abroad. The Company offers personal banking products and services, including savings and investment products; loans, such as home loans and car and consumer loans; pet, home and property, travel and personal insurance products, as well as vehicle insurance products; retirement savings products; foreign exchange and treasury activities; and internet and mobile banking, as well as cards.

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