John W. Rosenthal Capital Management Inc. purchased a new stake in shares of DNB Financial Corp (NASDAQ:DNBF) during the fourth quarter, Holdings Channel reports. The firm purchased 50,000 shares of the financial services provider’s stock, valued at approximately $1,420,000. John W. Rosenthal Capital Management Inc. owned approximately 1.19% of DNB Financial Corp as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in the stock. Banc Funds Co. LLC raised its position in DNB Financial Corp by 80.2% in the third quarter. Banc Funds Co. LLC now owns 78,621 shares of the financial services provider’s stock valued at $1,994,000 after buying an additional 34,980 shares during the period. M3F Inc. raised its position in DNB Financial Corp by 31.1% in the fourth quarter. M3F Inc. now owns 63,621 shares of the financial services provider’s stock valued at $1,807,000 after buying an additional 15,102 shares during the period. Finally, Philadelphia Trust Co. raised its position in DNB Financial Corp by 14.0% in the third quarter. Philadelphia Trust Co. now owns 81,205 shares of the financial services provider’s stock valued at $2,054,000 after buying an additional 10,000 shares during the period. Hedge funds and other institutional investors own 20.75% of the company’s stock.
Shares of DNB Financial Corp (NASDAQ:DNBF) traded up 2.96% during midday trading on Monday, hitting $33.00. The stock had a trading volume of 2,338 shares. DNB Financial Corp has a one year low of $23.05 and a one year high of $35.00. The stock has a market cap of $138.70 million, a PE ratio of 21.29 and a beta of 0.47. The firm has a 50 day moving average price of $30.18 and a 200 day moving average price of $27.06.
DNB Financial Corp (NASDAQ:DNBF) last released its quarterly earnings results on Tuesday, January 24th. The financial services provider reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.01. DNB Financial Corp had a return on equity of 10.40% and a net margin of 14.69%. On average, equities analysts forecast that DNB Financial Corp will post $2.53 earnings per share for the current fiscal year.
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Several research firms have issued reports on DNBF. Zacks Investment Research upgraded DNB Financial Corp from a “hold” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research note on Monday, January 30th. FIG Partners upgraded DNB Financial Corp from a “market-perform” rating to an “outperform” rating in a research note on Thursday, January 26th. Finally, TheStreet lowered DNB Financial Corp from a “buy” rating to a “hold” rating in a research note on Friday, November 18th.
DNB Financial Corp 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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