DNB Financial (DNBF) Lowered to Hold at ValuEngine

ValuEngine downgraded shares of DNB Financial (NASDAQ:DNBF) from a buy rating to a hold rating in a research report report published on Wednesday.

Separately, Zacks Investment Research raised shares of DNB Financial from a strong sell rating to a hold rating in a research report on Tuesday, September 26th.

DNB Financial (NASDAQ DNBF) traded down $0.10 during trading hours on Wednesday, hitting $34.80. 1,419 shares of the company traded hands, compared to its average volume of 6,021. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.69. DNB Financial has a twelve month low of $28.00 and a twelve month high of $35.85. The company has a market capitalization of $148.55, a PE ratio of 18.22 and a beta of 0.31.

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

In other DNB Financial news, Director Mildred C. Joyner sold 3,750 shares of DNB Financial stock in a transaction on Friday, January 5th. The shares were sold at an average price of $33.31, for a total transaction of $124,912.50. Following the completion of the transaction, the director now directly owns 18,791 shares of the company’s stock, valued at $625,928.21. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 18.42% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Banc Funds Co. LLC boosted its position in DNB Financial by 12.7% during 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 during the period. The Manufacturers Life Insurance Company boosted its position in 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 purchasing an additional 1,279 shares during the period. Vanguard Group Inc. boosted its position in 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 purchasing an additional 40,267 shares during the period. Northern Trust Corp boosted its position in 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 purchasing an additional 26,530 shares during the period. Finally, State Street Corp bought a new position in DNB Financial during the second quarter worth $994,000. 30.65% of the stock is owned by hedge funds and other institutional investors.

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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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