Zacks: Brokerages Set $38.00 Price Target for DNB Financial Corp (NASDAQ:DNBF)

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

Analysts have set a 1 year consensus price target of $38.00 for the company and are predicting that the company will post $0.63 earnings per share for the current quarter, according to Zacks. Zacks has also given DNB Financial an industry rank of 103 out of 256 based on the ratings given to related companies.

A number of brokerages recently commented on DNBF. ValuEngine upgraded DNB Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th. Zacks Investment Research downgraded DNB Financial from a “buy” rating to a “hold” rating in a research note on Monday, April 29th.

DNBF traded down $0.24 during trading on Thursday, reaching $44.76. 404 shares of the company were exchanged, compared to its average volume of 18,104. The company has a market cap of $192.48 million, a P/E ratio of 18.12 and a beta of 0.85. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.99. DNB Financial has a 52 week low of $25.84 and a 52 week high of $46.86.

DNB Financial (NASDAQ:DNBF) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. The firm had revenue of $10.67 million during the quarter, compared to the consensus estimate of $10.40 million. DNB Financial had a return on equity of 9.68% and a net margin of 20.18%. As a group, research analysts anticipate that DNB Financial will post 2.68 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.28 dividend on an annualized basis and a yield of 0.63%. DNB Financial’s dividend payout ratio (DPR) is presently 11.29%.

Hedge funds have recently made changes to their positions in the business. Citigroup Inc. acquired a new position in DNB Financial during the 1st quarter worth $57,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of DNB Financial in the first quarter valued at $95,000. PNC Financial Services Group Inc. lifted its holdings in shares of DNB Financial by 62.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,230 shares of the financial services provider’s stock valued at $149,000 after buying an additional 2,010 shares during the period. Baldwin Investment Management LLC acquired a new stake in shares of DNB Financial in the first quarter valued at $224,000. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of DNB Financial in the first quarter valued at $365,000. Institutional investors own 32.60% 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.

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