DNB Financial Corp (NASDAQ:DNBF) has been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Analysts have set a 12 month consensus target price of $36.00 for the company and are predicting that the company will post $0.65 earnings per share for the current quarter, according to Zacks. Zacks has also given DNB Financial an industry rank of 159 out of 256 based on the ratings given to its competitors.
Several analysts recently issued reports on DNBF shares. ValuEngine lowered shares of DNB Financial from a “hold” rating to a “sell” rating in a research report on Thursday, December 27th. Zacks Investment Research lowered shares of DNB Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, January 1st.
DNB Financial (NASDAQ:DNBF) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.03. The company had revenue of $10.49 million during the quarter, compared to analyst estimates of $10.60 million. DNB Financial had a net margin of 16.89% and a return on equity of 9.87%. Equities research analysts anticipate that DNB Financial will post 2.44 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, December 10th. Shareholders of record on Thursday, November 29th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.92%. The ex-dividend date was Wednesday, November 28th. DNB Financial’s dividend payout ratio is currently 12.28%.
In other news, insider William J. Hieb sold 1,000 shares of the business’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $34.50, for a total value of $34,500.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 13.49% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in DNBF. Monashee Investment Management LLC purchased a new position in shares of DNB Financial in the third quarter worth $947,000. Millennium Management LLC purchased a new stake in DNB Financial during the second quarter valued at $535,000. Paloma Partners Management Co purchased a new stake in DNB Financial during the second quarter valued at $521,000. Dimensional Fund Advisors LP raised its stake in DNB Financial by 67.3% during the second quarter. Dimensional Fund Advisors LP now owns 30,566 shares of the financial services provider’s stock valued at $1,071,000 after purchasing an additional 12,300 shares in the last quarter. Finally, Martingale Asset Management L P purchased a new stake in DNB Financial during the second quarter valued at $320,000. 31.83% of the stock is currently owned by hedge funds and other institutional investors.
About DNB Financial
DNB Financial Corporation operates as the bank holding company for DNB First, National Association that provides a range of commercial banking products and services to individuals and small to medium sized businesses. The company offers deposit products, including money market, savings, demand, and NOW accounts; and time deposits, as well as certificates of deposit, including IRAs and brokered deposits.
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