DNB Financial Corp (DNBF) to Release Earnings on Wednesday
DNB Financial Corp (NASDAQ:DNBF) is scheduled to be releasing its earnings data on Wednesday, October 18th. Analysts expect DNB Financial Corp to post earnings of $0.61 per share for the quarter.
DNB Financial Corp (NASDAQ:DNBF) last announced its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.16). DNB Financial Corp had a return on equity of 7.97% and a net margin of 16.38%. The company had revenue of $10.58 million for the quarter, compared to analyst estimates of $10.40 million. On average, analysts expect DNB Financial Corp to post $2.15 EPS for the current fiscal year and $2.22 EPS for the next fiscal year.
Shares of DNB Financial Corp (NASDAQ DNBF) opened at 33.30 on Wednesday. DNB Financial Corp has a 52 week low of $25.01 and a 52 week high of $35.85. The firm has a market capitalization of $141.92 million, a PE ratio of 18.59 and a beta of 0.36. The company’s 50 day moving average price is $33.29 and its 200-day moving average price is $33.53.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Friday, September 8th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Thursday, September 7th. DNB Financial Corp’s dividend payout ratio is currently 16.97%.
An institutional investor recently bought a new position in DNB Financial Corp stock. State Street Corp bought a new position in shares of DNB Financial Corp (NASDAQ:DNBF) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 29,000 shares of the financial services provider’s stock, valued at approximately $994,000. State Street Corp owned about 0.68% of DNB Financial Corp as of its most recent SEC filing. 30.12% of the stock is currently owned by institutional investors.
Several brokerages recently issued reports on DNBF. ValuEngine raised DNB Financial Corp from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised DNB Financial Corp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, FIG Partners lowered DNB Financial Corp from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $35.00 to $37.00 in a research report on Tuesday, July 25th.
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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