Fifth District Bancorp, Inc. (NASDAQ:FDSB) Short Interest Down 37.8% in June
by Renee Jackson · The Cerbat GemFifth District Bancorp, Inc. (NASDAQ:FDSB – Get Free Report) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 8,881 shares, a decrease of 37.8% from the May 31st total of 14,278 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 26,014 shares, the days-to-cover ratio is presently 0.3 days.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of Fifth District Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Fifth District Bancorp currently has a consensus rating of “Hold”.
Read Our Latest Report on Fifth District Bancorp
Fifth District Bancorp Stock Performance
FDSB remained flat at $16.62 on Friday. The company had a trading volume of 7,018 shares, compared to its average volume of 17,182. The firm has a 50 day simple moving average of $15.41 and a 200 day simple moving average of $15.08. The company has a market capitalization of $87.42 million, a price-to-earnings ratio of 19.10 and a beta of 0.23. Fifth District Bancorp has a 52 week low of $12.37 and a 52 week high of $16.62. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04.
Fifth District Bancorp (NASDAQ:FDSB – Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.08 earnings per share for the quarter. Fifth District Bancorp had a return on equity of 3.37% and a net margin of 16.35%.The business had revenue of $3.78 million during the quarter.
Insider Buying and Selling
In other Fifth District Bancorp news, Director Linda A. Sins sold 2,692 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $15.02, for a total transaction of $40,433.84. Following the sale, the director owned 4,700 shares in the company, valued at approximately $70,594. This trade represents a 36.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.60% of the company’s stock.
Hedge Funds Weigh In On Fifth District Bancorp
Several institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP bought a new stake in Fifth District Bancorp in the 4th quarter valued at $151,000. Renaissance Technologies LLC boosted its holdings in shares of Fifth District Bancorp by 427.7% during the 4th quarter. Renaissance Technologies LLC now owns 63,321 shares of the company’s stock valued at $950,000 after purchasing an additional 51,321 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in shares of Fifth District Bancorp by 28.2% during the 3rd quarter. Susquehanna International Group LLP now owns 13,149 shares of the company’s stock valued at $182,000 after purchasing an additional 2,894 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Fifth District Bancorp by 56.0% during the third quarter. Alliancebernstein L.P. now owns 133,954 shares of the company’s stock valued at $1,853,000 after purchasing an additional 48,103 shares in the last quarter. Finally, Mangrove Partners IM LLC grew its position in shares of Fifth District Bancorp by 2.1% during the third quarter. Mangrove Partners IM LLC now owns 142,330 shares of the company’s stock valued at $1,968,000 after purchasing an additional 2,925 shares in the last quarter.
Fifth District Bancorp Company Profile
Fifth District Bancorp is a bank holding company headquartered in Vienna, Virginia. Through its principal subsidiary, Fifth District Bank, the company offers a full suite of commercial and retail banking services designed to meet the needs of individuals, small businesses and middle-market enterprises. Operating under a national bank charter, Fifth District Bancorp focuses on relationship-driven service, providing its clients with personalized financial solutions and responsive customer support.
The bank’s core business activities include deposit-taking, commercial and industrial lending, mortgage banking, and wealth management.