DNB Financial (DNBF) Reaches New 52-Week High at $38.30

DNB Financial Corp (NASDAQ:DNBF)’s share price reached a new 52-week high on Tuesday . The company traded as high as $38.30 and last traded at $36.84, with a volume of 6690 shares traded. The stock had previously closed at $36.50.

A number of equities analysts have recently weighed in on the stock. ValuEngine raised shares of DNB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, July 28th. Zacks Investment Research upgraded shares of DNB Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th.

The firm has a market cap of $158.91 million, a PE ratio of 16.16 and a beta of 0.20. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.78.

DNB Financial (NASDAQ:DNBF) last released its earnings results on Tuesday, July 24th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.16). The firm had revenue of $10.39 million during the quarter, compared to analysts’ expectations of $10.60 million. DNB Financial had a net margin of 15.92% and a return on equity of 9.42%. On average, analysts forecast that DNB Financial Corp will post 2.4 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 19th. Shareholders of record on Friday, September 7th were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $0.28 dividend on an annualized basis and a yield of 0.76%. DNB Financial’s dividend payout ratio (DPR) is 12.28%.

A number of large investors have recently added to or reduced their stakes in DNBF. Bessemer Group Inc. purchased a new position in DNB Financial in the 2nd quarter valued at about $109,000. Hartford Investment Management Co. purchased a new position in shares of DNB Financial during the 2nd quarter worth about $204,000. Schwab Charles Investment Management Inc. purchased a new position in shares of DNB Financial during the 1st quarter worth about $207,000. Baldwin Investment Management LLC purchased a new position in shares of DNB Financial during the 2nd quarter worth about $207,000. Finally, LMR Partners LLP purchased a new position in shares of DNB Financial during the 2nd quarter worth about $236,000. Institutional investors own 31.06% of the company’s stock.

DNB Financial Company Profile (NASDAQ:DNBF)

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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