Shares of DNB Financial Corp (NASDAQ:DNBF) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Brokers have set a 12-month consensus price target of $37.00 for the company and are anticipating that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also assigned DNB Financial an industry rank of 173 out of 265 based on the ratings given to its competitors.
Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of DNB Financial from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Tuesday. ValuEngine upgraded shares of DNB Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.
DNB Financial (NASDAQ:DNBF) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.04. DNB Financial had a net margin of 19.77% and a return on equity of 8.33%. The firm had revenue of $10.74 million during the quarter, compared to the consensus estimate of $10.30 million. research analysts anticipate that DNB Financial will post 2.2 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Friday, December 1st were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Thursday, November 30th. DNB Financial’s dividend payout ratio is currently 12.67%.
Several institutional investors and hedge funds have recently modified their holdings of DNBF. Vanguard Group Inc. raised its position in shares of DNB Financial by 78.7% in the second quarter. Vanguard Group Inc. now owns 91,445 shares of the financial services provider’s stock valued at $3,136,000 after purchasing an additional 40,267 shares during the period. State Street Corp bought a new position in shares of DNB Financial in the second quarter valued at about $994,000. Banc Funds Co. LLC raised its position in shares of DNB Financial by 12.7% in the second quarter. Banc Funds Co. LLC now owns 245,767 shares of the financial services provider’s stock valued at $8,430,000 after purchasing an additional 27,679 shares during the period. Northern Trust Corp raised its position in shares of DNB Financial by 218.7% in the second quarter. Northern Trust Corp now owns 38,661 shares of the financial services provider’s stock valued at $1,326,000 after purchasing an additional 26,530 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of DNB Financial in the second quarter valued at about $349,000. 30.65% of the stock is currently owned by institutional investors.
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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