Zacks Investment Research Downgrades DNB Financial (DNBF) to Hold

DNB Financial (NASDAQ:DNBF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday, December 18th.

According to Zacks, “DNB Financial Corporation is a bank holding company of DNB Financial Corporation that offers various commercial banking products and services for individuals and corporate customers in southeastern Pennsylvania. The Bank is a full service commercial bank providing a range of services to individuals and small to medium sized businesses, including accepting time, demand, and savings deposits and making secured and unsecured commercial, real estate and consumer loans. The company is headquartered in Downingtown, Pennsylvania. “

Separately, ValuEngine raised shares of DNB Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.

Shares of DNB Financial (NASDAQ DNBF) traded down $0.10 during mid-day trading on Monday, hitting $34.80. 1,419 shares of the stock traded hands, compared to its average volume of 5,099. 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 quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $148.56, a price-to-earnings ratio of 15.75 and a beta of 0.22.

DNB Financial (NASDAQ:DNBF) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.56 EPS for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $10.30 million. equities analysts expect that DNB Financial will post 2.2 earnings per share 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 value of $124,912.50. Following the completion of the transaction, the director now owns 18,791 shares of the company’s stock, valued at $625,928.21. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 18.42% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of DNBF. Bank of New York Mellon Corp bought a new stake in DNB Financial in the second quarter valued at $349,000. Teachers Advisors LLC bought a new stake in DNB Financial in the second quarter valued at $186,000. TIAA CREF Investment Management LLC bought a new stake in DNB Financial in the second quarter valued at $263,000. PNC Financial Services Group Inc. bought a new stake in DNB Financial in the second quarter valued at $101,000. Finally, New York State Common Retirement Fund bought a new stake in shares of DNB Financial during the second quarter valued at about $113,000. Institutional investors own 30.65% of the company’s stock.

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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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