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

DNB Financial Corp (NASDAQ:DNBF) has been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Brokers have set a 1-year consensus target price of $36.00 for the company and are forecasting that the company will post $0.67 EPS for the current quarter, according to Zacks. Zacks has also given DNB Financial an industry rank of 96 out of 255 based on the ratings given to related companies.

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

Shares of NASDAQ:DNBF traded down $0.60 on Friday, reaching $36.50. The company’s stock had a trading volume of 3,233 shares, compared to its average volume of 8,568. DNB Financial has a 52-week low of $30.40 and a 52-week high of $38.29. The stock has a market capitalization of $158.91 million, a P/E ratio of 16.01 and a beta of 0.20. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.78.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 19th. Stockholders of record on Friday, September 7th were issued a $0.07 dividend. The ex-dividend date was Thursday, September 6th. This represents a $0.28 annualized dividend and a dividend yield of 0.77%. DNB Financial’s dividend payout ratio (DPR) is presently 12.28%.

Several institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of DNB Financial by 4.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 116,095 shares of the financial services provider’s stock worth $4,138,000 after acquiring an additional 4,607 shares during the last quarter. Philadelphia Trust Co. lifted its holdings in shares of DNB Financial by 6.6% in the 2nd quarter. Philadelphia Trust Co. now owns 114,555 shares of the financial services provider’s stock worth $4,015,000 after acquiring an additional 7,100 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of DNB Financial by 67.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 30,566 shares of the financial services provider’s stock worth $1,071,000 after acquiring an additional 12,300 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of DNB Financial by 55.0% in the 2nd quarter. Renaissance Technologies LLC now owns 23,400 shares of the financial services provider’s stock worth $820,000 after acquiring an additional 8,302 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in shares of DNB Financial in the 2nd quarter worth about $535,000. Hedge funds and other institutional investors own 31.06% of the company’s stock.

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.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

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