Fidelity D&D Bancorp (NASDAQ:FDBC) Stock Passes Above Fifty Day Moving Average – What’s Next?

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $41.66 and traded as high as $48.76. Fidelity D&D Bancorp shares last traded at $47.35, with a volume of 17,327 shares traded.

Fidelity D&D Bancorp Trading Down 0.7%

The stock has a market cap of $273.21 million, a P/E ratio of 12.59 and a beta of 0.97. The firm’s fifty day moving average price is $41.66 and its two-hundred day moving average price is $43.32. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.81 and a quick ratio of 0.81.

Fidelity D&D Bancorp (NASDAQ:FDBC) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $1.03 EPS for the quarter. The business had revenue of $22.01 million for the quarter. Fidelity D&D Bancorp had a return on equity of 10.62% and a net margin of 16.83%.

Fidelity D&D Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Tuesday, May 20th were paid a $0.40 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $1.60 dividend on an annualized basis and a yield of 3.38%. Fidelity D&D Bancorp’s dividend payout ratio is presently 42.55%.

Insider Transactions at Fidelity D&D Bancorp

In other Fidelity D&D Bancorp news, COO Eugene J. Walsh sold 1,000 shares of the company’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $39.39, for a total transaction of $39,390.00. Following the completion of the sale, the chief operating officer directly owned 15,201 shares in the company, valued at $598,767.39. This represents a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 21.00% of the stock is currently owned by insiders.

Institutional Trading of Fidelity D&D Bancorp

Several institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its position in Fidelity D&D Bancorp by 62.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 639 shares of the financial services provider’s stock valued at $31,000 after buying an additional 245 shares during the period. Dimensional Fund Advisors LP boosted its position in Fidelity D&D Bancorp by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 14,450 shares of the financial services provider’s stock valued at $705,000 after buying an additional 260 shares during the period. Renaissance Technologies LLC boosted its position in Fidelity D&D Bancorp by 3.0% during the fourth quarter. Renaissance Technologies LLC now owns 10,300 shares of the financial services provider’s stock valued at $503,000 after buying an additional 300 shares during the period. PNC Financial Services Group Inc. boosted its position in Fidelity D&D Bancorp by 7.4% during the first quarter. PNC Financial Services Group Inc. now owns 8,284 shares of the financial services provider’s stock valued at $345,000 after buying an additional 570 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Fidelity D&D Bancorp by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 2,790 shares of the financial services provider’s stock valued at $136,000 after buying an additional 607 shares during the period. 20.05% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity D&D Bancorp Company Profile

Fidelity D&D Bancorp, Inc is a holding company, which engages in the provision of commercial banking services. It operates through the following segments: Commercial and Industrial, Commercial Real Estate, Consumer, and Residential Real Estate. The Commercial and Industrial segment refers to identified historic and/or the projected cash flows of the borrower and secondarily to the underlying collateral provided by the borrower.