Prospector Partners LLC decreased its position in shares of DNB Financial Corp (NASDAQ:DNBF) by 34.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,600 shares of the financial services provider’s stock after selling 6,600 shares during the period. Prospector Partners LLC owned approximately 0.30% of DNB Financial worth $444,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of DNB Financial by 78.7% during the second quarter. Vanguard Group Inc. now owns 91,445 shares of the financial services provider’s stock valued at $3,136,000 after buying an additional 40,267 shares during the last quarter. State Street Corp bought a new position in shares of DNB Financial during the second quarter valued at about $994,000. Banc Funds Co. LLC grew its stake in shares of DNB Financial by 12.7% during 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 buying an additional 27,679 shares during the last quarter. Northern Trust Corp grew its stake 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 worth $1,326,000 after purchasing an additional 26,530 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of DNB Financial in the second quarter worth about $349,000. Institutional investors and hedge funds own 30.65% of the company’s stock.

Several research firms recently issued reports on DNBF. Zacks Investment Research raised DNB Financial from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 26th. ValuEngine raised DNB Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.

Shares of DNB Financial Corp (DNBF) opened at $34.20 on Friday. 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 firm has a market capitalization of $146.63, a P/E ratio of 17.98 and a beta of 0.31. DNB Financial Corp has a 12-month low of $26.25 and a 12-month high of $35.85.

DNB Financial (NASDAQ:DNBF) last released 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 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 analyst estimates of $10.30 million. equities research analysts anticipate that DNB Financial Corp will post 2.2 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.82%. DNB Financial’s payout ratio is 12.67%.

ILLEGAL ACTIVITY NOTICE: “Prospector Partners LLC Lowers Holdings in DNB Financial Corp (DNBF)” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/12/08/prospector-partners-llc-lowers-holdings-in-dnb-financial-corp-dnbf.html.

DNB Financial Profile

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.

Want to see what other hedge funds are holding DNBF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DNB Financial Corp (NASDAQ:DNBF).

Institutional Ownership by Quarter for DNB Financial (NASDAQ:DNBF)

Receive News & Stock Ratings for DNB Financial Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DNB Financial Corp and related stocks with our FREE daily email newsletter.