Fidelity D&D Bancorp (NASDAQ:FDBC) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $44.56 and traded as low as $44.16. Fidelity D&D Bancorp shares last traded at $45.09, with a volume of 11,058 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Fidelity D&D Bancorp in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Fidelity D&D Bancorp has a consensus rating of “Hold”.

Fidelity D&D Bancorp Stock Performance

The stock has a market cap of $265.13 million, a price-to-earnings ratio of 8.81 and a beta of 0.83. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $44.47 and a 200-day simple moving average of $44.56.

Fidelity D&D Bancorp (NASDAQ:FDBC) last released its earnings results on Wednesday, April 22nd. The financial services provider reported $1.28 EPS for the quarter. The company had revenue of $19.41 million during the quarter. Fidelity D&D Bancorp had a return on equity of 12.97% and a net margin of 20.78%.

Fidelity D&D Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Wednesday, May 20th. Fidelity D&D Bancorp’s dividend payout ratio (DPR) is presently 33.59%.

Insiders Place Their Bets

In other news, Vice Chairman Michael J. Mcdonald acquired 10,414 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was purchased at an average cost of $48.01 per share, with a total value of $499,976.14. Following the acquisition, the insider owned 181,228 shares of the company’s stock, valued at $8,700,756.28. This trade represents a 6.10% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 20.69% of the company’s stock.

Institutional Investors Weigh In On Fidelity D&D Bancorp

Several institutional investors have recently modified their holdings of FDBC. Jane Street Group LLC bought a new stake in shares of Fidelity D&D Bancorp during the first quarter worth approximately $259,000. Geode Capital Management LLC boosted its stake in Fidelity D&D Bancorp by 1.7% in the second 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 acquired a new stake in Fidelity D&D Bancorp during the 2nd quarter worth $679,000. Raymond James Financial Inc. acquired a new stake in Fidelity D&D Bancorp during the 2nd quarter worth $56,000. Finally, Bank of America Corp DE raised its position in shares of 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 last quarter. Institutional investors and hedge funds own 20.05% of the company’s stock.

Fidelity D&D Bancorp Company Profile

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.