Fifth District Bancorp (NASDAQ:FDSB) Stock Falls 0.3% – What’s Next?

Fifth District Bancorp, Inc. (NASDAQ:FDSB) dropped 0.3% on Wednesday. The stock traded as low as $17.66 and last traded at $17.60. 3,084 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 4,482 shares. The stock had previously closed at $17.66.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Fifth District Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Fifth District Bancorp Stock Down 0.6%

The firm has a fifty day simple moving average of $17.75 and a 200-day simple moving average of $16.29. The company has a market capitalization of $92.01 million, a PE ratio of 51.65 and a beta of 0.24. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.06 and a current ratio of 1.06.

Fifth District Bancorp (NASDAQ:FDSB) last released its quarterly earnings results on Monday, August 10th. The company reported $0.08 earnings per share for the quarter. The business had revenue of $3.96 million during the quarter. Fifth District Bancorp had a net margin of 6.97% and a return on equity of 1.27%.

Institutional Investors Weigh In On Fifth District Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of FDSB. Waverly Advisors LLC bought a new stake in Fifth District Bancorp in the second quarter valued at about $856,000. BlackRock Inc. acquired a new position in shares of Fifth District Bancorp in the 2nd quarter worth approximately $519,000. Finally, Beacon Pointe Advisors LLC acquired a new position in shares of Fifth District Bancorp in the 2nd quarter worth approximately $162,000.

Fifth District Bancorp Company Profile

Fifth District Bancorp, Inc is the holding company for Fifth District Savings Bank, a community-oriented savings institution headquartered in New Orleans, Louisiana. The bank provides traditional banking services to individuals, families, and businesses, including deposit accounts, residential mortgage lending, consumer loans, and commercial real estate and business lending.

Fifth District Savings Bank has served the New Orleans area for nearly a century, with roots dating to its founding in 1926.