DNB Bank ASA (OTCMKTS:DNBBY) Releases Earnings Results

DNB Bank ASA (OTCMKTS:DNBBY) issued its earnings results on Tuesday. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12, reports. DNB Bank ASA had a return on equity of 14.24% and a net margin of 18.94%. The business had revenue of $2.14 billion during the quarter.

DNB Bank ASA Stock Performance

OTCMKTS DNBBY opened at $21.17 on Friday. The stock has a market cap of $32.82 billion, a PE ratio of 8.75, a P/E/G ratio of 1.51 and a beta of 1.30. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 3.37. DNB Bank ASA has a twelve month low of $17.40 and a twelve month high of $22.07. The stock has a fifty day simple moving average of $20.63 and a 200-day simple moving average of $19.91.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised DNB Bank ASA to a “hold” rating in a research note on Friday, October 11th.

About DNB Bank ASA

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.