Fidelity D&D Bancorp (NASDAQ:FDBC) CEO Daniel Santaniello Buys 1,000 Shares

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) CEO Daniel Santaniello bought 1,000 shares of the company’s stock in a transaction on Monday, November 10th. The shares were acquired at an average cost of $44.50 per share, for a total transaction of $44,500.00. Following the completion of the acquisition, the chief executive officer directly owned 60,411 shares of the company’s stock, valued at $2,688,289.50. This trade represents a 1.68% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Fidelity D&D Bancorp Stock Performance

Shares of NASDAQ:FDBC traded up $0.06 during trading on Monday, reaching $44.28. 5,963 shares of the company’s stock traded hands, compared to its average volume of 7,902. The stock has a market capitalization of $255.50 million, a P/E ratio of 9.82 and a beta of 1.08. Fidelity D&D Bancorp Inc. has a 12 month low of $37.00 and a 12 month high of $57.00. The company has a 50 day moving average of $44.04 and a 200-day moving average of $43.02. 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 issued its earnings results on Wednesday, October 22nd. The financial services provider reported $1.27 earnings per share (EPS) for the quarter. The firm 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 12.36%.

Fidelity D&D Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, November 14th. This represents a $1.72 dividend on an annualized basis and a yield of 3.9%. This is an increase from Fidelity D&D Bancorp’s previous quarterly dividend of $0.40. Fidelity D&D Bancorp’s payout ratio is presently 35.48%.

Hedge Funds Weigh In On Fidelity D&D Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in FDBC. Meeder Asset Management Inc. acquired a new stake in Fidelity D&D Bancorp in the 1st quarter valued at approximately $90,000. PNC Financial Services Group Inc. boosted its position in Fidelity D&D Bancorp by 7.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,284 shares of the financial services provider’s stock worth $345,000 after acquiring an additional 570 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Fidelity D&D Bancorp by 5.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,705 shares of the financial services provider’s stock worth $570,000 after purchasing an additional 684 shares in the last quarter. Nuveen LLC acquired a new position in shares of Fidelity D&D Bancorp during the first quarter valued at $378,000. Finally, Jane Street Group LLC bought a new stake in shares of Fidelity D&D Bancorp during the first quarter valued at about $259,000. 20.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity D&D Bancorp in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Fidelity D&D Bancorp presently has an average rating of “Hold”.

About Fidelity D&D Bancorp

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.