DNB Financial (DNBF) Downgraded by ValuEngine to Hold

DNB Financial (NASDAQ:DNBF) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Separately, Zacks Investment Research raised shares of DNB Financial from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Friday, October 27th.

Shares of DNB Financial (DNBF) traded up $1.60 during trading hours on Wednesday, reaching $35.35. 1,026 shares of the company’s stock traded hands, compared to its average volume of 9,371. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.94 and a current ratio of 0.94. DNB Financial has a 1 year low of $28.00 and a 1 year high of $35.85. The company has a market cap of $147.92, a P/E ratio of 16.00 and a beta of 0.22.

DNB Financial (NASDAQ:DNBF) last announced 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 during the quarter, compared to the consensus estimate of $10.30 million. sell-side analysts forecast that DNB Financial will post 2.2 earnings per share for the current fiscal year.

In other DNB Financial news, Director Mildred C. Joyner sold 3,750 shares of the firm’s 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 directly owns 18,791 shares of the company’s stock, valued at approximately $625,928.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 18.42% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of DNBF. Bank of New York Mellon Corp bought a new stake in shares of DNB Financial during the 2nd quarter worth $349,000. Teachers Advisors LLC bought a new stake in shares of DNB Financial during the 2nd quarter worth $186,000. TIAA CREF Investment Management LLC bought a new stake in shares of DNB Financial during the 2nd quarter worth $263,000. PNC Financial Services Group Inc. bought a new stake in shares of DNB Financial during the 2nd quarter worth $101,000. Finally, New York State Common Retirement Fund bought a new stake in shares of DNB Financial during the 2nd quarter worth $113,000. 30.65% of the stock is owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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