DNB Bank ASA (OTCMKTS:DNBBY) Posts Quarterly Earnings Results, Beats Expectations By $0.12 EPS

DNB Bank ASA (OTCMKTS:DNBBY) released 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 net margin of 18.94% and a return on equity of 14.24%. The company had revenue of $2.14 billion for the quarter.

DNB Bank ASA Stock Performance

Shares of DNB Bank ASA stock traded down $0.70 on Thursday, hitting $21.16. The stock had a trading volume of 39,527 shares, compared to its average volume of 70,385. The stock has a market cap of $32.81 billion, a price-to-earnings ratio of 8.74, 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. The company’s 50 day moving average price is $20.62 and its 200 day moving average price is $19.90. DNB Bank ASA has a 52-week low of $17.40 and a 52-week high of $22.07.

Analyst Upgrades and Downgrades

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

DNB Bank ASA Company Profile

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.