Fifth District Bancorp (NASDAQ:FDSB) Stock Price Up 1.6% – Time to Buy?

Fifth District Bancorp, Inc. (NASDAQ:FDSB) traded up 1.6% during mid-day trading on Friday . The stock traded as high as $18.69 and last traded at $18.65. Approximately 3,597 shares traded hands during trading, a decline of 44% from the average daily volume of 6,417 shares. The stock had previously closed at $18.36.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Fifth District Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Fifth District Bancorp has a consensus rating of “Hold”.

Fifth District Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a fifty day simple moving average of $17.67 and a two-hundred day simple moving average of $16.00. The stock has a market cap of $97.73 million, a PE ratio of 54.85 and a beta of 0.20.

Fifth District Bancorp (NASDAQ:FDSB) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.08 earnings per share (EPS) for the quarter. Fifth District Bancorp had a net margin of 6.97% and a return on equity of 1.27%. The company had revenue of $3.96 million for the quarter.

Institutional Investors Weigh In On Fifth District Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP boosted its position in 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 buying an additional 2,894 shares during the last quarter. Beacon Pointe Advisors LLC acquired a new stake in shares of Fifth District Bancorp during the second quarter valued at about $162,000. Marshall Wace LLP purchased a new stake in shares of Fifth District Bancorp during the fourth quarter worth about $151,000. BlackRock Inc. purchased a new stake in shares of Fifth District Bancorp during the second quarter worth about $519,000. Finally, Alliancebernstein L.P. lifted its stake in shares of Fifth District Bancorp by 56.0% in the third quarter. Alliancebernstein L.P. now owns 133,954 shares of the company’s stock worth $1,853,000 after acquiring an additional 48,103 shares in the last quarter.

Fifth District Bancorp Company Profile

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.