ValuEngine downgraded shares of DNB Financial (NASDAQ:DNBF) from a buy rating to a hold rating in a research report report published on Wednesday morning.
Separately, Zacks Investment Research raised DNB Financial from a hold rating to a strong-buy rating and set a $38.00 target price on the stock in a research note on Friday, December 29th.
DNB Financial (NASDAQ DNBF) traded down $0.10 on Wednesday, hitting $34.80. The stock had a trading volume of 1,419 shares, compared to its average volume of 6,021. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.69. DNB Financial has a 52-week low of $28.00 and a 52-week high of $35.85. The stock has a market capitalization of $148.55, a PE ratio of 18.22 and a beta of 0.31.
DNB Financial (NASDAQ:DNBF) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.04. DNB Financial had a return on equity of 8.33% and a net margin of 19.77%. The firm had revenue of $10.74 million for the quarter, compared to analysts’ expectations of $10.30 million. analysts forecast that DNB Financial will post 2.2 earnings per share for the current fiscal year.
In other news, Director Mildred C. Joyner sold 3,750 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $33.31, for a total transaction of $124,912.50. Following the transaction, the director now directly owns 18,791 shares of the company’s stock, valued at $625,928.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 18.42% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of DNBF. ZPR Investment Management grew its stake in DNB Financial by 1.9% in the second quarter. ZPR Investment Management now owns 7,060 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 134 shares during the period. The Manufacturers Life Insurance Company grew its stake in DNB Financial by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 111,107 shares of the financial services provider’s stock worth $3,811,000 after purchasing an additional 1,279 shares during the period. Bank of New York Mellon Corp grew its stake in DNB Financial by 20.1% in the third quarter. Bank of New York Mellon Corp now owns 12,217 shares of the financial services provider’s stock worth $431,000 after purchasing an additional 2,046 shares during the period. PNC Financial Services Group Inc. purchased a new stake in DNB Financial in the second quarter worth $101,000. Finally, New York State Common Retirement Fund purchased a new stake in DNB Financial in the second quarter worth $113,000. 30.65% of the stock is currently owned by hedge funds and other institutional investors.
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About DNB Financial
DNB Financial Corporation is a bank holding company for DNB First, National Association (the Bank). The Company operates through the Community Banking segment. The Bank is a commercial bank providing a range of services to individuals and small to medium sized businesses in the southeastern Pennsylvania market area, including accepting time, demand and savings deposits, and making secured and unsecured commercial, real estate and consumer loans.
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