DNB Financial Corp (DNBF) Short Interest Update
DNB Financial Corp (NASDAQ:DNBF) was the recipient of a large increase in short interest during the month of April. As of April 13th, there was short interest totalling 2,484 shares, an increase of 17.3% from the March 31st total of 2,118 shares. Based on an average trading volume of 5,970 shares, the days-to-cover ratio is presently 0.4 days.
Shares of DNB Financial Corp (NASDAQ:DNBF) traded down 0.15% during mid-day trading on Thursday, hitting $34.40. 3,135 shares of the stock were exchanged. DNB Financial Corp has a 12 month low of $23.05 and a 12 month high of $35.15. The stock has a market cap of $146.23 million, a PE ratio of 22.19 and a beta of 0.47. The stock’s 50 day moving average is $33.99 and its 200-day moving average is $30.42.
A number of brokerages have recently issued reports on DNBF. Zacks Investment Research downgraded shares of DNB Financial Corp from a “hold” rating to a “sell” rating in a report on Wednesday. TheStreet raised shares of DNB Financial Corp from a “c” rating to a “b” rating in a report on Tuesday, April 4th. Finally, FIG Partners raised shares of DNB Financial Corp from a “market-perform” rating to an “outperform” rating in a report on Thursday, January 26th.
A number of large investors have recently modified their holdings of DNBF. Basswood Capital Management L.L.C. purchased a new stake in shares of DNB Financial Corp during the fourth quarter worth approximately $125,000. Silvercrest Asset Management Group LLC bought a new stake in DNB Financial Corp during the fourth quarter valued at approximately $352,000. John W. Rosenthal Capital Management Inc. bought a new stake in DNB Financial Corp during the fourth quarter valued at approximately $1,420,000. M3F Inc. raised its stake in DNB Financial Corp by 31.1% in the fourth quarter. M3F Inc. now owns 63,621 shares of the financial services provider’s stock valued at $1,807,000 after buying an additional 15,102 shares in the last quarter. Finally, Banc Funds Co. LLC raised its stake 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 in the last quarter. Hedge funds and other institutional investors own 20.75% of the company’s stock.
DNB Financial Corp Company 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.
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