DNB Financial (DNBF) Downgraded by Zacks Investment Research to “Hold”

DNB Financial (NASDAQ:DNBF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “DNB Financial Corporation is a bank holding company of DNB Financial Corporation that offers various commercial banking products and services for individuals and corporate customers in southeastern Pennsylvania. The Bank is a full service commercial bank providing a range of services to individuals and small to medium sized businesses, including accepting time, demand, and savings deposits and making secured and unsecured commercial, real estate and consumer loans. The company is headquartered in Downingtown, Pennsylvania. “

Separately, ValuEngine raised DNB Financial from a “hold” rating to a “buy” rating in a report on Friday, September 1st.

DNB Financial (NASDAQ DNBF) remained flat at $$33.70 during trading hours on Tuesday. The company’s stock had a trading volume of 1,003 shares, compared to its average volume of 6,065. DNB Financial has a 12-month low of $27.10 and a 12-month high of $35.85. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.69. The stock has a market cap of $143.86, a price-to-earnings ratio of 15.25 and a beta of 0.31.

DNB Financial (NASDAQ:DNBF) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the 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 the consensus estimate of $10.30 million. equities analysts predict that DNB Financial will post 2.2 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of DNBF. PNC Financial Services Group Inc. acquired a new position in shares of DNB Financial in the 2nd quarter valued at $101,000. New York State Common Retirement Fund acquired a new position in shares of DNB Financial in the 2nd quarter valued at $113,000. SG Americas Securities LLC acquired a new position in shares of DNB Financial in the 3rd quarter valued at $182,000. Teachers Advisors LLC acquired a new position in shares of DNB Financial in the 2nd quarter valued at $186,000. Finally, California State Teachers Retirement System acquired a new position in shares of DNB Financial in the 2nd quarter valued at $189,000. 30.65% of the stock is currently owned by 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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