Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) Sees Significant Drop in Short Interest
by Jessica Moore · The Cerbat GemFidelity D&D Bancorp Inc. (NASDAQ:FDBC – Get Free Report) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 19,425 shares, a decline of 30.1% from the December 15th total of 27,782 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 9,214 shares, the short-interest ratio is presently 2.1 days. Based on an average trading volume of 9,214 shares, the short-interest ratio is presently 2.1 days. Approximately 0.4% of the company’s shares are sold short.
Fidelity D&D Bancorp Stock Up 0.1%
FDBC stock traded up $0.04 during midday trading on Friday, hitting $44.00. The company’s stock had a trading volume of 6,211 shares, compared to its average volume of 7,053. Fidelity D&D Bancorp has a twelve month low of $37.00 and a twelve month high of $50.00. The stock has a market capitalization of $253.88 million, a P/E ratio of 9.76 and a beta of 0.95. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.82 and a quick ratio of 0.82. The company’s fifty day moving average price is $44.49 and its 200 day moving average price is $44.02.
Fidelity D&D Bancorp (NASDAQ:FDBC – Get Free Report) last issued its earnings results on Wednesday, October 22nd. The financial services provider reported $1.27 earnings per share for the quarter. The business had revenue of $23.53 million for the quarter. Fidelity D&D Bancorp had a net margin of 19.03% and a return on equity of 12.10%.
Fidelity D&D Bancorp Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were issued a $0.43 dividend. This is an increase from Fidelity D&D Bancorp’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Friday, November 14th. Fidelity D&D Bancorp’s dividend payout ratio is presently 38.14%.
Insider Buying and Selling at Fidelity D&D Bancorp
In related news, Chairman Brian J. Cali purchased 1,951 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were bought at an average price of $44.50 per share, with a total value of $86,819.50. Following the purchase, the chairman directly owned 417,771 shares in the company, valued at $18,590,809.50. This trade represents a 0.47% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Daniel J. Santaniello bought 1,000 shares of the business’s stock in a transaction on Monday, November 10th. The stock was bought at an average cost of $44.50 per share, for a total transaction of $44,500.00. Following the purchase, the chief executive officer directly owned 60,411 shares of the company’s stock, valued at approximately $2,688,289.50. This trade represents a 1.68% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 21.00% of the company’s stock.
Hedge Funds Weigh In On Fidelity D&D Bancorp
Several institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in shares of Fidelity D&D Bancorp during the first quarter worth $259,000. Geode Capital Management LLC lifted its position in Fidelity D&D Bancorp by 1.7% during the second quarter. Geode Capital Management LLC now owns 114,165 shares of the financial services provider’s stock worth $5,253,000 after purchasing an additional 1,945 shares during the period. Quantinno Capital Management LP acquired a new stake in Fidelity D&D Bancorp during the second quarter worth about $679,000. Raymond James Financial Inc. bought a new position in Fidelity D&D Bancorp in the 2nd quarter valued at about $56,000. Finally, Bank of America Corp DE lifted its holdings in shares of Fidelity D&D Bancorp by 25.6% during the 2nd quarter. Bank of America Corp DE now owns 6,352 shares of the financial services provider’s stock worth $292,000 after acquiring an additional 1,296 shares during the period. Institutional investors and hedge funds own 20.05% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity D&D Bancorp in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Fidelity D&D Bancorp has an average rating of “Hold”.
View Our Latest Research Report on Fidelity D&D Bancorp
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.