Fifth District Bancorp (NASDAQ:FDSB) Stock Price Crosses Above 50 Day Moving Average After Insider Selling

Fifth District Bancorp, Inc. (NASDAQ:FDSB) shares passed above its 50-day moving average during trading on Friday following insider buying activity. The stock has a 50-day moving average of $17.68 and traded as high as $17.73. Fifth District Bancorp shares last traded at $17.7040, with a volume of 2,249 shares changing hands.

Wall Street Analysts Forecast Growth

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

Fifth District Bancorp Stock Performance

The stock has a market capitalization of $92.06 million, a PE ratio of 52.07 and a beta of 0.24. The firm has a fifty day moving average price of $17.68 and a two-hundred day moving average price of $16.36. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.06 and a quick ratio of 1.06.

Fifth District Bancorp (NASDAQ:FDSB) last issued its earnings results on Tuesday, November 10th. The company reported $0.07 EPS for the quarter. The business had revenue of $4.00 million for the quarter. Fifth District Bancorp had a net margin of 6.83% and a return on equity of 1.27%.

Institutional Investors Weigh In On Fifth District Bancorp

Several large investors have recently modified their holdings of FDSB. Waverly Advisors LLC bought a new position in Fifth District Bancorp in the second quarter worth approximately $856,000. BlackRock Inc. purchased a new stake in Fifth District Bancorp in the second quarter valued at about $519,000. Finally, Beacon Pointe Advisors LLC purchased a new position in shares of Fifth District Bancorp in the 2nd quarter valued at approximately $162,000.

Fifth District Bancorp Company Profile

Fifth District Bancorp, Inc. is the holding company for Fifth District Savings Bank, a community bank based in New Orleans, Louisiana. The bank traces its roots to 1926 and serves customers in the Greater New Orleans area. Fifth District Savings Bank offers deposit services, including checking, savings and certificate accounts, along with residential mortgage, commercial real estate, business and consumer lending. Its community banking model focuses on individuals, families and local businesses.