Zacks Investment Research upgraded shares of DNB Financial Corp (NASDAQ:DNBF) from a hold rating to a buy rating in a report issued on Friday. The firm currently has $38.00 price target on the financial services provider’s stock.

According to Zacks, “DNB Financial Corporation is a bank holding company of DNB Financial Corporation that offers various commercial banking products and services for individuals and corporate customers in southeastern Pennsylvania. The Bank is a full service commercial bank providing a range of services to individuals and small to medium sized businesses, including accepting time, demand, and savings deposits and making secured and unsecured commercial, real estate and consumer loans. The company is headquartered in Downingtown, Pennsylvania. “

Several other brokerages also recently weighed in on DNBF. FIG Partners downgraded shares of DNB Financial Corp from an outperform rating to a market perform rating and lifted their price target for the company from $35.00 to $37.00 in a report on Tuesday, July 25th. ValuEngine downgraded shares of DNB Financial Corp from a buy rating to a hold rating in a report on Tuesday, July 25th.

Shares of DNB Financial Corp (NASDAQ:DNBF) traded up 0.44% during mid-day trading on Friday, hitting $34.00. 2,947 shares of the company were exchanged. The company has a market capitalization of $144.91 million, a P/E ratio of 18.98 and a beta of 0.36. DNB Financial Corp has a 52 week low of $25.05 and a 52 week high of $35.85. The company has a 50 day moving average of $33.81 and a 200 day moving average of $33.49.

DNB Financial Corp (NASDAQ:DNBF) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.04. DNB Financial Corp had a net margin of 19.77% and a return on equity of 8.43%. The company had revenue of $10.74 million during the quarter, compared to analyst estimates of $10.30 million. Equities analysts anticipate that DNB Financial Corp will post $2.21 earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in DNBF. Wellington Management Group LLP lifted its holdings in shares of DNB Financial Corp by 10.0% in the first quarter. Wellington Management Group LLP now owns 272,878 shares of the financial services provider’s stock worth $9,278,000 after buying an additional 24,827 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of DNB Financial Corp in the second quarter worth $349,000. Teachers Advisors LLC purchased a new position in shares of DNB Financial Corp in the second quarter worth $186,000. TIAA CREF Investment Management LLC purchased a new position in shares of DNB Financial Corp in the second quarter worth $263,000. Finally, PNC Financial Services Group Inc. purchased a new position in shares of DNB Financial Corp in the second quarter worth $101,000. 30.12% of the stock is currently owned by hedge funds and other institutional investors.

About DNB Financial Corp

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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