DNB Financial Corp. (DNBF) Stock Rating Lowered by TheStreet
DNB Financial Corp. (NASDAQ:DNBF) was downgraded by TheStreet from a “buy” rating to a “hold” rating in a research report issued on Friday.
Separately, Zacks Investment Research upgraded shares of DNB Financial Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 17th.
DNB Financial Corp. (NASDAQ:DNBF) opened at 27.10 on Friday. DNB Financial Corp. has a 12 month low of $23.05 and a 12 month high of $30.00. The firm has a market cap of $114.61 million, a price-to-earnings ratio of 19.23 and a beta of 0.49. The firm’s 50 day moving average is $25.57 and its 200-day moving average is $25.64.
DNB Financial Corp. (NASDAQ:DNBF) last issued its quarterly earnings data on Thursday, October 20th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. DNB Financial Corp. had a net margin of 13.82% and a return on equity of 9.45%. On average, equities analysts forecast that DNB Financial Corp. will post $1.63 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Banc Funds Co. LLC boosted its position in DNB Financial Corp. by 80.2% in the third quarter. Banc Funds Co. LLC now owns 78,621 shares of the financial services provider’s stock valued at $1,994,000 after buying an additional 34,980 shares during the period. The Manufacturers Life Insurance Company purchased a new position in DNB Financial Corp. during the third quarter valued at $1,986,000. Philadelphia Trust Co. boosted its position in DNB Financial Corp. by 14.0% in the third quarter. Philadelphia Trust Co. now owns 81,205 shares of the financial services provider’s stock valued at $2,054,000 after buying an additional 10,000 shares during the period. Northern Trust Corp boosted its position in DNB Financial Corp. by 4.0% in the third quarter. Northern Trust Corp now owns 10,405 shares of the financial services provider’s stock valued at $263,000 after buying an additional 400 shares during the period. Finally, Vanguard Group Inc. boosted its position in DNB Financial Corp. by 15.6% in the second quarter. Vanguard Group Inc. now owns 35,030 shares of the financial services provider’s stock valued at $827,000 after buying an additional 4,739 shares during the period. Institutional investors and hedge funds own 29.09% of the company’s stock.
About DNB Financial Corp.
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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