DNB Financial Corp. (NASDAQ:DNBF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
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. “
DNB Financial Corp. (NASDAQ:DNBF) traded up 2.44% during trading on Thursday, reaching $25.88. 322 shares of the company traded hands. DNB Financial Corp. has a 12 month low of $23.05 and a 12 month high of $30.00. The company has a market cap of $73.84 million, a PE ratio of 13.91 and a beta of 0.53. The company’s 50-day moving average is $25.79 and its 200 day moving average is $26.71.
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DNB Financial Corp. (NASDAQ:DNBF) last posted its earnings results on Thursday, July 21st. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. On average, analysts anticipate that DNB Financial Corp. will post $1.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Investors of record on Friday, September 9th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $0.28 dividend on an annualized basis and a yield of 1.08%. DNB Financial Corp.’s payout ratio is 15.05%.
An institutional investor recently raised its position in DNB Financial Corp. stock. Wellington Management Group LLP raised its position in DNB Financial Corp. (NASDAQ:DNBF) by 28.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 278,181 shares of the financial services provider’s stock after buying an additional 60,846 shares during the period. Wellington Management Group LLP owned approximately 9.90% of DNB Financial Corp. worth $7,934,000 at the end of the most recent quarter. 30.09% of the stock is owned by institutional investors.
DNB Financial Corp. 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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