DNB Financial Corp (NASDAQ:DNBF) was the target of a large increase in short interest in June. As of June 30th, there was short interest totalling 8,800 shares, an increase of 51.7% from the May 30th total of 5,800 shares. Based on an average trading volume of 24,500 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are short sold.
Hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its position in shares of DNB Financial by 62.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,230 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 2,010 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of DNB Financial by 10.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 38,479 shares of the financial services provider’s stock worth $1,039,000 after purchasing an additional 3,774 shares during the last quarter. BRYN MAWR TRUST Co acquired a new position in shares of DNB Financial during the 4th quarter worth approximately $347,000. O Shaughnessy Asset Management LLC acquired a new position in shares of DNB Financial during the 1st quarter worth approximately $95,000. Finally, Baldwin Investment Management LLC purchased a new stake in DNB Financial in the 1st quarter worth approximately $224,000. 32.60% of the stock is owned by institutional investors and hedge funds.
NASDAQ DNBF traded up $0.01 during trading hours on Thursday, hitting $44.83. The company had a trading volume of 14,700 shares, compared to its average volume of 15,286. DNB Financial has a fifty-two week low of $25.84 and a fifty-two week high of $46.86. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.57. The business has a fifty day moving average of $43.95. The company has a market cap of $195.43 million, a price-to-earnings ratio of 18.08 and a beta of 0.85.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Wednesday, June 5th were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, June 4th. This represents a $0.28 annualized dividend and a yield of 0.62%. DNB Financial’s dividend payout ratio is currently 11.29%.
Several research firms recently issued reports on DNBF. ValuEngine lowered Xylem from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Zacks Investment Research raised Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Monday, April 29th.
About DNB Financial
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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