Zacks: DNB Financial Corp (DNBF) Given Consensus Rating of “Hold” by Brokerages
DNB Financial Corp (NASDAQ:DNBF) has earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Brokerages have set a 1 year consensus price target of $37.00 for the company and are expecting that the company will post $0.53 earnings per share for the current quarter, according to Zacks. Zacks has also assigned DNB Financial an industry rank of 37 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered DNB Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th.
DNB Financial (NASDAQ:DNBF) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. The company had revenue of $10.74 million for the quarter, compared to analyst estimates of $10.30 million. DNB Financial had a return on equity of 8.33% and a net margin of 19.77%. sell-side analysts expect that DNB Financial will post 2.2 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Friday, December 1st were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Thursday, November 30th. DNB Financial’s dividend payout ratio is currently 12.67%.
A number of institutional investors have recently bought and sold shares of the business. Banc Funds Co. LLC boosted its stake in DNB Financial by 12.7% in the second quarter. Banc Funds Co. LLC now owns 245,767 shares of the financial services provider’s stock worth $8,430,000 after purchasing an additional 27,679 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of DNB Financial by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 111,107 shares of the financial services provider’s stock worth $3,811,000 after acquiring an additional 1,279 shares during the last quarter. Vanguard Group Inc. raised its position 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 worth $3,136,000 after acquiring an additional 40,267 shares during the last quarter. Northern Trust Corp raised its position in shares of DNB Financial by 218.7% during the second quarter. Northern Trust Corp now owns 38,661 shares of the financial services provider’s stock worth $1,326,000 after acquiring an additional 26,530 shares during the last quarter. Finally, State Street Corp bought a new stake in shares of DNB Financial during the second quarter worth $994,000. 30.65% of the stock is currently owned by institutional investors.
DNB Financial 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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