Arctic raises DNB target to NOK 338: DNB stock sits 10.71 percent below target

Published on 10/20/2026 at 20:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter results are due October 21, 2026. DNB stock costs EUR 28.97 on October 20, 2026 at 8:22 p.m. CEST, while Oslo was at NOK 305.30.

Analyst target and earnings date

Arctic raised its DNB target to NOK 338.00 from NOK 325.00 on October 19, 2026.
DNB reported second-quarter revenue of NOK 22.0 billion and net income of NOK 9.42 billion.
DNB stock costs EUR 28.97 at Lang & Schwarz on October 20, 2026 at 8:22 p.m. CEST.
DNB trades at a price-to-earnings ratio of 11.05, with third-quarter results due October 21, 2026.

Makroaufnahme von Münzstapel und Banknotenpapier mit feiner Texturstruktur — DNB Bank ASA (ISIN NO0010161896) veranschaulicht durch Makroaufnahme von Münzen und Banknotenstruktur mit feinen Papierfasern, Illustration mit AI erstellt.

DNB Bank ASA (ISIN NO0010161896) received a higher NOK 338.00 target from Arctic, up from NOK 325.00, in a note dated October 19, 2026, as MarketScreener reported. The target is 10.71 percent above DNB's Oslo price of NOK 305.30 on October 20, 2026. DNB stock was trading at EUR 28.97 at Lang & Schwarz on October 20, 2026 at 8:22 p.m. CEST.

Results arrive October 21

DNB's next earnings event is close. The bank will publish third-quarter 2026 results on October 21, 2026 at 7:30 a.m. CET, followed by a presentation at 9:30 a.m. CET, according to DNB. The scheduled release gives investors a near-term test of the assumptions behind Arctic's revised target.

In the second quarter of 2026, DNB reported revenue of NOK 22.0 billion, broadly flat from the second quarter of 2025. Net income was NOK 9.42 billion, down 6.60 percent year over year, while earnings per share fell to NOK 6.51 from NOK 6.81, according to Simply Wall St. The third-quarter figures will show whether that earnings pressure continued into the latest reporting period.

Range leaves room for results

DNB's Oslo quotation stood within a NOK 257.40 to NOK 325.80 52-week range on October 20, 2026. Its market capitalization was NOK 437.6 billion, and trading volume reached 1,385,114 shares on the same date. The current price is 6.29 percent below the 52-week high, calculated from NOK 305.30 and NOK 325.80.

Valuation and capital targets

DNB carried a price-to-earnings ratio of 11.05 and a trailing dividend yield of 6.00 percent on October 20, 2026. The bank's investor-relations materials set a long-term return-on-equity target above 14.00 percent, a cost-to-income ratio below 40.00 percent and a common Tier 1 capital ratio above 16.60 percent.

What the target means for DNB

Arctic's NOK 338.00 target sits above the latest Oslo quotation, but the upcoming report remains the next measurable test for earnings and capital distribution. The second-quarter comparison places the emphasis on whether revenue stability can offset the 6.60 percent decline in net income.

Stock price and investor dates

DNB was trading at EUR 28.97 at Lang & Schwarz on October 20, 2026 at 8:22 p.m. CEST. The next scheduled company event is the third-quarter results release on October 21, 2026.

The further course of trading is shown by the continuously updated real-time quote of DNB stock.