DNB Bank ASA (OTCMKTS: DNBBY – Get Assessment) saw its target price raised by JPMorgan Chase & Co. from 190.00 to 200.00 in a research report sent to investors on Friday morning, reports The Fly. JPMorgan Chase & Co. currently has a neutral rating on the stock.
A number of other stock analysts also commented on DNBBY. Morgan Stanley upgraded DNB Bank ASA shares from an underweight to an equal weight rating and raised its price target for the stock from 203.00 to 225.00 in a Wednesday, April 20 report . Danske upgraded shares of DNB Bank ASA from a hold rating to a buy rating and set a target price of 230.00 on the stock in a Wednesday, January 12 report. DNB Markets lowered its price target on DNB Bank ASA shares from 248.00 to 238.00 and set a buy rating on the stock in a Tuesday, April 5 report. Zacks Investment Research downgraded shares of DNB Bank ASA from a hold rating to a sell rating in a Thursday, April 28 report. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of DNB Bank ASA from a hold rating to a buy rating and raised its price target for the company from 230.00 to 250.00 in a Wednesday, January 19 report. . Two investment analysts have assigned the stock a sell rating, three have assigned a hold rating and five have assigned the stock a buy rating. Based on MarketBeat data, DNB Bank ASA currently has an average Hold rating and an average price target of $197.80.
DNB Bank ASA stock was down $0.03 at midday on Friday, hitting $19.30. The company had a trading volume of 194,933 shares, compared to an average volume of 97,809. DNB Bank ASA has a fifty-two week low of $18.78 and a fifty-two week high of $25.91 . 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 $29.92 billion, a P/E ratio of 11.09, a P/E/G ratio of 1.15 and a beta of 1.36. The company has a fifty-day simple moving average of $21.86 and a 200-day simple moving average of $22.96.
DNB Bank ASA (OTCMKTS:DNBBY – Get Rating) last released its 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 posted a net margin of 39.63% and a return on equity of 10.10%. The company posted revenue of $1.68 billion for the quarter, versus analyst estimates of $1.57 billion. Research analysts expect DNB Bank ASA to post EPS of 1.77 for the current year.
The company also recently announced a dividend, which will be paid on Thursday, May 12. Shareholders of record on Thursday, April 28 will receive a dividend of $0.9024 per share. This represents a dividend yield of 7.35%. The ex-dividend date is Wednesday, April 27. DNB Bank ASA’s payout ratio is currently 85.71%.
DNB Bank ASA Company Profile (Get a rating)
DNB Bank ASA provides financial services to individuals and businesses in Norway and internationally. The Company offers personal banking products and services, including savings and investment products; loans, such as home loans and automobile 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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