DNB Financial Corp (DNBF) Director Sells $124,912.50 in Stock
DNB Financial Corp (NASDAQ:DNBF) Director Mildred C. Joyner sold 3,750 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $33.31, for a total value of $124,912.50. Following the transaction, the director now owns 18,791 shares in the company, valued at approximately $625,928.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of DNB Financial Corp (DNBF) opened at $33.80 on Tuesday. The company has a market capitalization of $144.29, a PE ratio of 15.29 and a beta of 0.22. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.69. DNB Financial Corp has a 1 year low of $27.10 and a 1 year high of $35.85.
DNB Financial (NASDAQ:DNBF) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.04. The company had revenue of $10.74 million for the quarter, compared to analyst estimates of $10.30 million. DNB Financial had a return on equity of 8.33% and a net margin of 19.77%. research analysts forecast that DNB Financial Corp will post 2.2 EPS for the current year.
Separately, Zacks Investment Research raised DNB Financial from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Tuesday, December 19th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. acquired a new stake in shares of DNB Financial during the second quarter worth about $101,000. New York State Common Retirement Fund acquired a new stake in shares of DNB Financial during the second quarter worth about $113,000. SG Americas Securities LLC acquired a new stake in shares of DNB Financial during the third quarter worth about $182,000. Teachers Advisors LLC acquired a new stake in shares of DNB Financial during the second quarter worth about $186,000. Finally, California State Teachers Retirement System acquired a new stake in shares of DNB Financial during the second quarter worth about $189,000. 30.65% of the stock is currently owned by institutional investors.
DNB Financial Company Profile
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.
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