DNB Financial Corp (NASDAQ:DNBF) announced a quarterly dividend on Thursday, February 28th, Wall Street Journal reports. Investors of record on Friday, March 15th will be given a dividend of 0.07 per share by the financial services provider on Wednesday, March 27th. This represents a $0.28 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, March 14th.
DNB Financial has a payout ratio of 11.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect DNB Financial to earn $2.86 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 9.8%.
NASDAQ:DNBF traded down $1.00 during midday trading on Thursday, reaching $38.00. 120 shares of the stock traded hands, compared to its average volume of 4,113. DNB Financial has a 12-month low of $25.84 and a 12-month high of $42.00. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $170.58 million, a price-to-earnings ratio of 15.32 and a beta of 0.86.
DNB Financial (NASDAQ:DNBF) last posted its earnings results on Thursday, January 24th. The financial services provider reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.04. DNB Financial had a net margin of 20.80% and a return on equity of 10.11%. The company had revenue of $10.83 million during the quarter, compared to analysts’ expectations of $10.70 million. As a group, analysts expect that DNB Financial will post 2.68 EPS for the current year.
A number of research firms recently commented on DNBF. ValuEngine raised shares of DNB Financial from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. Zacks Investment Research raised shares of DNB Financial from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Tuesday, January 29th.
DNB Financial Company Profile
DNB Financial Corporation operates as the bank holding company for DNB First, National Association that provides a range of commercial banking products and services to individuals and small to medium sized businesses. The company offers deposit products, including money market, savings, demand, and NOW accounts; and time deposits, as well as certificates of deposit, including IRAs and brokered deposits.
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