Brokerages Anticipate DNB Financial Corp (DNBF) to Post $0.53 Earnings Per Share

Shares of DNB Financial Corp (NASDAQ:DNBF) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Brokerages have set a 1-year consensus price target of $37.00 for the company and are anticipating that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also assigned DNB Financial an industry rank of 16 out of 265 based on the ratings given to related companies.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded DNB Financial from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Tuesday, December 19th. ValuEngine cut DNB Financial from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th.

DNB Financial (NASDAQ DNBF) traded up $0.55 on Monday, hitting $34.40. The stock had a trading volume of 1,700 shares, compared to its average volume of 8,423. DNB Financial has a 1 year low of $28.00 and a 1 year high of $35.85. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $146.85, a PE ratio of 15.57 and a beta of 0.31.

DNB Financial (NASDAQ:DNBF) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. DNB Financial had a return on equity of 8.33% and a net margin of 19.77%. The firm had revenue of $10.74 million during the quarter, compared to analysts’ expectations of $10.30 million. research analysts expect that DNB Financial will post 2.2 EPS for the current fiscal year.

In other news, Director Mildred C. Joyner sold 3,750 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $33.31, for a total value of $124,912.50. Following the completion of the transaction, the director now directly owns 18,791 shares in the company, valued at approximately $625,928.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 18.42% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. Banc Funds Co. LLC boosted its holdings in DNB Financial by 12.7% during the 2nd quarter. Banc Funds Co. LLC now owns 245,767 shares of the financial services provider’s stock valued at $8,430,000 after acquiring an additional 27,679 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in DNB Financial by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 111,107 shares of the financial services provider’s stock valued at $3,811,000 after acquiring an additional 1,279 shares during the period. Vanguard Group Inc. boosted its holdings in DNB Financial by 78.7% during the 2nd quarter. Vanguard Group Inc. now owns 91,445 shares of the financial services provider’s stock valued at $3,136,000 after acquiring an additional 40,267 shares during the period. Northern Trust Corp boosted its holdings in DNB Financial by 218.7% during the 2nd quarter. Northern Trust Corp now owns 38,661 shares of the financial services provider’s stock valued at $1,326,000 after acquiring an additional 26,530 shares during the period. Finally, State Street Corp purchased a new stake in DNB Financial during the 2nd quarter valued at about $994,000. Institutional investors own 30.65% of the company’s stock.

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About DNB Financial

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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