DNB Financial (NASDAQ:DNBF) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.01), MarketWatch Earnings reports. The firm had revenue of $10.30 million during the quarter, compared to analyst estimates of $10.50 million. DNB Financial had a return on equity of 8.81% and a net margin of 16.42%.
Shares of NASDAQ DNBF traded down $0.53 during midday trading on Wednesday, reaching $34.17. The stock had a trading volume of 246 shares, compared to its average volume of 10,069. The company has a market capitalization of $149.96, a P/E ratio of 14.93 and a beta of 0.24. DNB Financial has a twelve month low of $30.00 and a twelve month high of $37.15. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.98 and a current ratio of 0.98.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 27th. Stockholders of record on Thursday, March 15th were given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.82%. DNB Financial’s dividend payout ratio (DPR) is currently 12.28%.
In other news, CEO William J. Hieb sold 1,464 shares of DNB Financial stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $33.80, for a total value of $49,483.20. Following the completion of the sale, the chief executive officer now owns 50,052 shares in the company, valued at approximately $1,691,757.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.49% of the stock is currently owned by insiders.
A hedge fund recently bought a new stake in DNB Financial stock. California State Teachers Retirement System acquired a new stake in DNB Financial Corp (NASDAQ:DNBF) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,500 shares of the financial services provider’s stock, valued at approximately $189,000. California State Teachers Retirement System owned approximately 0.13% of DNB Financial as of its most recent SEC filing. Institutional investors and hedge funds own 30.08% of the company’s stock.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of DNB Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 27th. ValuEngine downgraded shares of DNB Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th.
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About DNB Financial
DNB Financial Corporation operates as the bank holding company for DNB First, National Association that provides a range of commercial banking products and services to individuals and small to medium sized businesses. The company offers deposit products, including money market, savings, demand, and NOW accounts; and time deposits, as well as certificates of deposit, including IRAs and brokered deposits.
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