Fidelity D&D Bancorp (NASDAQ:FDBC) Posts Quarterly Earnings Results

by · The Markets Daily

Fidelity D&D Bancorp (NASDAQ:FDBC – Get Free Report) issued its quarterly earnings data on Wednesday. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $26.24 million for the quarter. Fidelity D&D Bancorp had a return on equity of 12.88% and a net margin of 21.12%.

Fidelity D&D Bancorp Trading Up 0.3%

Shares of Fidelity D&D Bancorp stock traded up $0.14 during trading on Friday, reaching $50.84. The company’s stock had a trading volume of 6,681 shares, compared to its average volume of 11,156. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.02. Fidelity D&D Bancorp has a 52-week low of $39.00 and a 52-week high of $53.51. The firm’s 50-day moving average is $49.26 and its two-hundred day moving average is $46.31. The company has a market cap of $295.41 million, a price-to-earnings ratio of 9.69 and a beta of 0.83.

Fidelity D&D Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.4%. Fidelity D&D Bancorp’s dividend payout ratio is 33.59%.

Institutional Trading of Fidelity D&D Bancorp

Several hedge funds have recently added to or reduced their stakes in FDBC. Jane Street Group LLC bought a new position in shares of Fidelity D&D Bancorp during the first quarter valued at about $259,000. Geode Capital Management LLC lifted its stake in shares of Fidelity D&D Bancorp by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 114,165 shares of the financial services provider’s stock valued at $5,253,000 after acquiring an additional 1,945 shares during the last quarter. Quantinno Capital Management LP bought a new stake in shares of Fidelity D&D Bancorp in the 2nd quarter valued at about $679,000. Raymond James Financial Inc. purchased a new stake in Fidelity D&D Bancorp during the 2nd quarter valued at about $56,000. Finally, Bank of America Corp DE boosted its holdings in 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 valued at $292,000 after acquiring an additional 1,296 shares during the period. 20.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity D&D Bancorp in a research note on Friday, July 17th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Get Our Latest Analysis on FDBC

About Fidelity D&D Bancorp

(Get Free Report)

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.

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