Fifth District Bancorp, Inc. (NASDAQ:FDSB) Short Interest Up 59.5% in May

Fifth District Bancorp, Inc. (NASDAQ:FDSB) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 14,278 shares, an increase of 59.5% from the May 14th total of 8,950 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 6,426 shares, the days-to-cover ratio is presently 2.2 days.

Insider Buying and Selling

In related news, Director Linda A. Sins sold 2,692 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $15.02, for a total value of $40,433.84. Following the transaction, the director directly owned 4,700 shares of the company’s stock, valued at approximately $70,594. This trade represents a 36.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On Fifth District Bancorp

Large investors have recently bought and sold shares of the stock. Alliancebernstein L.P. increased its holdings in shares of Fifth District Bancorp by 56.0% in the 3rd quarter. Alliancebernstein L.P. now owns 133,954 shares of the company’s stock valued at $1,853,000 after acquiring an additional 48,103 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Fifth District Bancorp by 427.7% in the 4th quarter. Renaissance Technologies LLC now owns 63,321 shares of the company’s stock valued at $950,000 after acquiring an additional 51,321 shares during the period. Susquehanna International Group LLP increased its holdings in shares of Fifth District Bancorp by 28.2% in the 3rd quarter. Susquehanna International Group LLP now owns 13,149 shares of the company’s stock valued at $182,000 after acquiring an additional 2,894 shares during the period. Marshall Wace LLP acquired a new position in shares of Fifth District Bancorp in the 4th quarter valued at $151,000. Finally, Mangrove Partners IM LLC increased its holdings in shares of Fifth District Bancorp by 2.1% in the 3rd quarter. Mangrove Partners IM LLC now owns 142,330 shares of the company’s stock valued at $1,968,000 after acquiring an additional 2,925 shares during the period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Fifth District Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Fifth District Bancorp Price Performance

Shares of FDSB opened at $15.90 on Thursday. Fifth District Bancorp has a fifty-two week low of $11.94 and a fifty-two week high of $16.13. The firm’s 50 day moving average price is $15.14 and its 200 day moving average price is $14.91. The company has a market cap of $83.63 million, a P/E ratio of 18.28 and a beta of 0.28. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.04.

Fifth District Bancorp (NASDAQ:FDSB) last announced its earnings results on Tuesday, May 12th. The company reported $0.08 earnings per share for the quarter. Fifth District Bancorp had a net margin of 16.35% and a return on equity of 3.37%. The firm had revenue of $3.78 million for the quarter.

About Fifth District Bancorp

Fifth District Bancorp is a bank holding company headquartered in Vienna, Virginia. Through its principal subsidiary, Fifth District Bank, the company offers a full suite of commercial and retail banking services designed to meet the needs of individuals, small businesses and middle-market enterprises. Operating under a national bank charter, Fifth District Bancorp focuses on relationship-driven service, providing its clients with personalized financial solutions and responsive customer support.

The bank’s core business activities include deposit-taking, commercial and industrial lending, mortgage banking, and wealth management.