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 company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $33.31, for a total transaction of $124,912.50. Following the completion of the transaction, the director now owns 18,791 shares of the company’s stock, valued at $625,928.21. The sale was disclosed in a filing with the SEC, which is available at this link.
DNB Financial Corp (DNBF) opened at $33.75 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.94 and a quick ratio of 0.94. DNB Financial Corp has a 1-year low of $28.00 and a 1-year high of $35.85. The company has a market cap of $147.92, a price-to-earnings ratio of 15.27 and a beta of 0.22.
DNB Financial (NASDAQ:DNBF) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.04. The business had revenue of $10.74 million during the quarter, compared to analyst estimates of $10.30 million. DNB Financial had a net margin of 19.77% and a return on equity of 8.33%. sell-side analysts predict that DNB Financial Corp will post 2.2 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Friday, December 1st were paid a $0.07 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.83%. DNB Financial’s payout ratio is 12.67%.
Separately, Zacks Investment Research lowered shares of DNB Financial from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th.
Several institutional investors have recently modified their holdings of DNBF. Bank of New York Mellon Corp bought a new position in shares of DNB Financial in the 2nd quarter worth about $349,000. Teachers Advisors LLC bought a new position in shares of DNB Financial in the 2nd quarter worth about $186,000. TIAA CREF Investment Management LLC bought a new position in shares of DNB Financial in the 2nd quarter worth about $263,000. PNC Financial Services Group Inc. bought a new position in shares of DNB Financial in the 2nd quarter worth about $101,000. Finally, New York State Common Retirement Fund bought a new position in shares of DNB Financial in the 2nd quarter worth about $113,000. Institutional investors own 30.65% of the company’s stock.
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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.
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