DNB Financial Corp (DNBF) Declares Quarterly Dividend of $0.07
DNB Financial Corp (NASDAQ:DNBF) announced a quarterly dividend on Friday, March 2nd, Wall Street Journal reports. Stockholders of record on Thursday, March 15th will be paid a dividend of 0.07 per share by the financial services provider on Tuesday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Wednesday, March 14th.
Shares of DNB Financial (NASDAQ:DNBF) opened at $34.60 on Friday. DNB Financial has a 12-month low of $30.00 and a 12-month high of $35.85. The stock has a market capitalization of $141.94, a price-to-earnings ratio of 18.70 and a beta of 0.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.94 and a current ratio of 0.94.
DNB Financial (NASDAQ:DNBF) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.09. DNB Financial had a return on equity of 8.86% and a net margin of 16.42%. The firm had revenue of $10.90 million during the quarter, compared to analyst estimates of $10.40 million. sell-side analysts predict that DNB Financial will post 2.75 earnings per share for the current year.
A hedge fund recently bought a new stake in DNB Financial stock. California State Teachers Retirement System purchased a new position in shares of DNB Financial Corp (NASDAQ:DNBF) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,500 shares of the financial services provider’s stock, valued at approximately $189,000. California State Teachers Retirement System owned 0.13% of DNB Financial as of its most recent filing with the SEC. Hedge funds and other institutional investors own 29.17% of the company’s stock.
DNBF has been the subject of several research reports. ValuEngine downgraded DNB Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Zacks Investment Research downgraded DNB Financial from a “buy” rating to a “hold” rating in a research note on Monday, December 18th.
TRADEMARK VIOLATION WARNING: This story was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.watchlistnews.com/dnb-financial-corp-dnbf-declares-quarterly-dividend-of-0-07/1904857.html.
About DNB Financial
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.
Receive News & Ratings for DNB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DNB Financial and related companies with MarketBeat.com's FREE daily email newsletter.