Fidelity D&D Bancorp (NASDAQ:FDBC) Stock Crosses Above 50 Day Moving Average – What’s Next?
by Teresa Graham · The Cerbat GemFidelity D&D Bancorp Inc. (NASDAQ:FDBC – Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $46.46 and traded as high as $49.52. Fidelity D&D Bancorp shares last traded at $48.60, with a volume of 10,392 shares traded.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity D&D Bancorp in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.
Read Our Latest Research Report on Fidelity D&D Bancorp
Fidelity D&D Bancorp Stock Down 0.2%
The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.02. The firm has a market cap of $294.68 million, a P/E ratio of 9.91 and a beta of 0.85. The stock’s fifty day moving average is $46.67 and its two-hundred day moving average is $45.46.
Fidelity D&D Bancorp (NASDAQ:FDBC – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.28 earnings per share (EPS) for the quarter. Fidelity D&D Bancorp had a return on equity of 12.75% and a net margin of 20.78%.The firm had revenue of $19.41 million during the quarter.
Fidelity D&D Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.4%. The ex-dividend date was Wednesday, May 20th. Fidelity D&D Bancorp’s dividend payout ratio (DPR) is presently 33.59%.
Hedge Funds Weigh In On Fidelity D&D Bancorp
A number of hedge funds have recently modified their holdings of FDBC. CANADA LIFE ASSURANCE Co bought a new position in Fidelity D&D Bancorp in the fourth quarter worth about $25,000. Royal Bank of Canada grew its holdings in shares of Fidelity D&D Bancorp by 154.7% during the 4th quarter. Royal Bank of Canada now owns 647 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 393 shares during the period. Siena Capital Partners GP LLC purchased a new position in shares of Fidelity D&D Bancorp during the 3rd quarter worth approximately $39,000. BNP Paribas Financial Markets grew its holdings in shares of Fidelity D&D Bancorp by 148.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,185 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 709 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Fidelity D&D Bancorp in the 2nd quarter worth approximately $56,000. Hedge funds and other institutional investors own 20.05% of the company’s stock.
Fidelity D&D Bancorp Company Profile
Fidelity D&D Bancorp, Inc is the bank holding company for Fidelity Deposit & Discount Bank, a New York–chartered community bank headquartered in Melville, New York. Through its banking subsidiary, the company offers a broad range of deposit and lending products designed to meet the needs of individuals, small businesses and commercial clients throughout Long Island’s Nassau and Suffolk counties.
On the deposit side, Fidelity Deposit & Discount Bank provides traditional checking and savings accounts, money market accounts and certificates of deposit.