Zacks: DNB Financial Corp (DNBF) Given $36.00 Consensus Target Price by Brokerages

DNB Financial Corp (NASDAQ:DNBF) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Brokers have set a one year consensus price objective of $36.00 for the company and are expecting that the company will post $0.65 EPS for the current quarter, according to Zacks. Zacks has also given DNB Financial an industry rank of 189 out of 256 based on the ratings given to its competitors.

Several brokerages have recently commented on DNBF. ValuEngine upgraded DNB Financial from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. Zacks Investment Research upgraded DNB Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th.

Shares of DNB Financial stock traded down $0.23 during trading on Friday, hitting $30.75. 3,165 shares of the stock traded hands, compared to its average volume of 13,783. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $131.62 million, a PE ratio of 13.49 and a beta of 0.58. DNB Financial has a 52 week low of $25.84 and a 52 week high of $38.30.

DNB Financial (NASDAQ:DNBF) last announced its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.67 by $0.03. The firm had revenue of $10.49 million for the quarter, compared to analyst estimates of $10.60 million. DNB Financial had a return on equity of 9.87% and a net margin of 16.89%. As a group, analysts predict that DNB Financial will post 2.44 earnings per share for the current fiscal year.

In related news, insider William J. Hieb sold 1,000 shares of the stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $34.50, for a total transaction of $34,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 13.49% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in DNB Financial by 13.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 34,705 shares of the financial services provider’s stock valued at $1,281,000 after acquiring an additional 4,139 shares during the period. Baldwin Investment Management LLC purchased a new stake in DNB Financial during the 2nd quarter valued at about $207,000. Renaissance Technologies LLC boosted its holdings in DNB Financial by 55.0% during the 2nd quarter. Renaissance Technologies LLC now owns 23,400 shares of the financial services provider’s stock valued at $820,000 after acquiring an additional 8,302 shares during the period. Martingale Asset Management L P purchased a new stake in DNB Financial during the 2nd quarter valued at about $320,000. Finally, Paloma Partners Management Co purchased a new stake in DNB Financial during the 2nd quarter valued at about $521,000. Institutional investors own 31.83% of the company’s stock.

DNB Financial Company Profile

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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