Arcus Capital Partners LLC Buys 1,149 Shares of Fifth District Bancorp, Inc. $FDSB

Arcus Capital Partners LLC increased its stake in shares of Fifth District Bancorp, Inc. (NASDAQ:FDSB) by 9.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,304 shares of the company’s stock after buying an additional 1,149 shares during the period. Arcus Capital Partners LLC owned 0.24% of Fifth District Bancorp worth $164,000 as of its most recent filing with the SEC.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fifth District Bancorp in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Fifth District Bancorp Price Performance

Shares of Fifth District Bancorp stock opened at $13.26 on Friday. Fifth District Bancorp, Inc. has a twelve month low of $10.75 and a twelve month high of $15.64. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.04. The company has a 50-day simple moving average of $13.69 and a two-hundred day simple moving average of $12.86. The stock has a market capitalization of $73.73 million, a price-to-earnings ratio of 26.00 and a beta of 0.56.

Fifth District Bancorp (NASDAQ:FDSB) last issued its earnings results on Tuesday, August 12th. The company reported $0.61 EPS for the quarter. The company had revenue of $6.87 million during the quarter. Fifth District Bancorp had a net margin of 10.10% and a return on equity of 2.01%.

Fifth District Bancorp declared that its Board of Directors has approved a stock repurchase plan on Monday, August 25th that permits the company to repurchase $550,000.00 in shares. This repurchase authorization permits the company to purchase up to 0.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Fifth District Bancorp Profile

Fifth District Bancorp, Inc is the holding company for Fifth District Savings Bank which provide all banking services. Fifth District Bancorp, Inc is based in NEW ORLEANS.