Fifth District Bancorp (NASDAQ:FDSB) Releases Quarterly Earnings Results

Fifth District Bancorp (NASDAQ:FDSB) released its earnings results on Tuesday. The company reported $0.07 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $4.00 million during the quarter. Fifth District Bancorp had a return on equity of 1.27% and a net margin of 6.97%.

Fifth District Bancorp Stock Performance

FDSB stock remained flat at $17.57 during mid-day trading on Tuesday. 7,441 shares of the company’s stock traded hands, compared to its average volume of 7,564. The stock has a market cap of $92.07 million, a price-to-earnings ratio of 51.68 and a beta of 0.24. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.06 and a current ratio of 1.06. Fifth District Bancorp has a twelve month low of $13.00 and a twelve month high of $18.69. The firm’s 50 day moving average is $17.73 and its two-hundred day moving average is $16.31.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Fifth District Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Fifth District Bancorp currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Waverly Advisors LLC bought a new position in Fifth District Bancorp during the second quarter valued at $856,000. BlackRock Inc. bought a new stake in shares of Fifth District Bancorp in the second quarter valued at $519,000. Finally, Beacon Pointe Advisors LLC bought a new stake in shares of Fifth District Bancorp in the second quarter valued at $162,000.

Fifth District Bancorp Company Profile

Fifth District Bancorp, Inc. is the holding company for Fifth District Savings Bank, a community-oriented savings institution headquartered in New Orleans, Louisiana. The bank provides traditional banking services to individuals, families, and businesses, including deposit accounts, residential mortgage lending, consumer loans, and commercial real estate and business lending. Fifth District Savings Bank has served the New Orleans area for nearly a century, with roots dating to its founding in 1926.