FIG Partners Analysts Lower Earnings Estimates for DNB Financial Corp (DNBF)
DNB Financial Corp (NASDAQ:DNBF) – Research analysts at FIG Partners cut their Q1 2018 EPS estimates for shares of DNB Financial Corp in a note issued to investors on Wednesday. FIG Partners analyst B. Martin now forecasts that the financial services provider will post earnings of $0.49 per share for the quarter, down from their previous forecast of $0.51. FIG Partners currently has a “Market Perform” rating and a $37.00 target price on the stock. FIG Partners also issued estimates for DNB Financial Corp’s Q4 2018 earnings at $0.58 EPS.
DNBF has been the topic of several other reports. ValuEngine upgraded DNB Financial Corp from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded DNB Financial Corp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 26th.
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DNB Financial Corp (NASDAQ:DNBF) opened at 34.00 on Monday. The company has a market cap of $144.91 million, a P/E ratio of 18.98 and a beta of 0.36. The firm has a 50-day moving average price of $33.81 and a 200-day moving average price of $33.49. DNB Financial Corp has a 12-month low of $25.05 and a 12-month high of $35.85.
DNB Financial Corp (NASDAQ:DNBF) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04. DNB Financial Corp had a return on equity of 8.43% and a net margin of 19.77%. The company had revenue of $10.74 million for the quarter, compared to the consensus estimate of $10.30 million.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System acquired a new stake in shares of DNB Financial Corp in the second quarter valued at $189,000. ZPR Investment Management increased its holdings in DNB Financial Corp by 1.9% in the second quarter. ZPR Investment Management now owns 7,060 shares of the financial services provider’s stock valued at $242,000 after buying an additional 134 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in DNB Financial Corp by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 111,107 shares of the financial services provider’s stock valued at $3,811,000 after buying an additional 1,279 shares during the last quarter. State Street Corp purchased a new position in DNB Financial Corp in the second quarter valued at $994,000. Finally, Banc Funds Co. LLC increased its holdings in DNB Financial Corp by 12.7% in 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. Institutional investors and hedge funds own 30.10% 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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