Fidelity D&D Bancorp (NASDAQ:FDBC) Releases Earnings Results

Fidelity D&D Bancorp (NASDAQ:FDBC) released its quarterly earnings data on Wednesday. The financial services provider reported $1.33 EPS for the quarter, Zacks reports. Fidelity D&D Bancorp had a return on equity of 12.75% and a net margin of 20.78%.

Fidelity D&D Bancorp Trading Up 0.4%

Shares of FDBC opened at $51.39 on Wednesday. Fidelity D&D Bancorp has a fifty-two week low of $39.00 and a fifty-two week high of $53.51. The company has a market capitalization of $298.58 million, a PE ratio of 10.04 and a beta of 0.83. The stock has a fifty day moving average of $49.03 and a two-hundred day moving average of $46.20. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.83 and a current ratio of 0.83.

Hedge Funds Weigh In On Fidelity D&D Bancorp

Institutional investors have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV lifted its position in Fidelity D&D Bancorp by 14.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,131 shares of the financial services provider’s stock worth $397,000 after buying an additional 1,132 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Fidelity D&D Bancorp during the 4th quarter worth about $223,000. AQR Capital Management LLC boosted its position in shares of Fidelity D&D Bancorp by 34.2% in the fourth quarter. AQR Capital Management LLC now owns 14,600 shares of the financial services provider’s stock worth $636,000 after acquiring an additional 3,721 shares during the last quarter. Royal Bank of Canada grew its holdings in Fidelity D&D Bancorp by 154.7% in the fourth quarter. Royal Bank of Canada now owns 647 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 393 shares during the period. Finally, Jacobi Capital Management LLC increased its position in Fidelity D&D Bancorp by 14.4% during the fourth quarter. Jacobi Capital Management LLC now owns 9,224 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 1,158 shares during the last quarter. 20.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity D&D Bancorp in a report on Friday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

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.