Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) Sees Large Decrease in Short Interest

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC - Get Free Report) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 15,600 shares, a drop of 17.5% from the March 31st total of 18,900 shares. Approximately 0.3% of the company's stock are sold short. Based on an average daily trading volume, of 6,700 shares, the short-interest ratio is presently 2.3 days.

Insider Buying and Selling at Fidelity D & D Bancorp

In related news, Chairman Brian J. Cali acquired 880 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was acquired at an average price of $44.00 per share, for a total transaction of $38,720.00. Following the purchase, the chairman now owns 403,439 shares of the company's stock, valued at $17,751,316. This represents a 0.22 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fidelity D & D Bancorp

Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its holdings in Fidelity D & D Bancorp by 62.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 639 shares of the financial services provider's stock worth $31,000 after purchasing an additional 245 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Fidelity D & D Bancorp by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 2,790 shares of the financial services provider's stock valued at $136,000 after buying an additional 607 shares during the last quarter. Bank of America Corp DE raised its stake in Fidelity D & D Bancorp by 16.5% during the 4th quarter. Bank of America Corp DE now owns 6,314 shares of the financial services provider's stock worth $308,000 after acquiring an additional 893 shares in the last quarter. Deutsche Bank AG boosted its stake in Fidelity D & D Bancorp by 85.9% in the fourth quarter. Deutsche Bank AG now owns 6,624 shares of the financial services provider's stock valued at $323,000 after acquiring an additional 3,061 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Fidelity D & D Bancorp by 15.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,714 shares of the financial services provider's stock valued at $376,000 after acquiring an additional 1,056 shares in the last quarter. Hedge funds and other institutional investors own 20.05% of the company's stock.

Fidelity D & D Bancorp Stock Up 3.8 %

Shares of NASDAQ:FDBC traded up $1.57 during trading hours on Friday, reaching $43.10. The stock had a trading volume of 4,771 shares, compared to its average volume of 8,076. Fidelity D & D Bancorp has a 1 year low of $37.00 and a 1 year high of $61.21. The firm's 50 day moving average is $41.61 and its 200-day moving average is $46.76. The stock has a market capitalization of $251.79 million, a price-to-earnings ratio of 11.94 and a beta of 0.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.80 and a current ratio of 0.80.

Fidelity D & D Bancorp (NASDAQ:FDBC - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $1.03 EPS for the quarter. The firm had revenue of $22.01 million for the quarter. Fidelity D & D Bancorp had a return on equity of 10.49% and a net margin of 16.50%.

Fidelity D & D Bancorp Company Profile

Fidelity D&D Bancorp, Inc is a holding company, which engages in the provision of commercial banking services. It operates through the following segments: Commercial and Industrial, Commercial Real Estate, Consumer, and Residential Real Estate. The Commercial and Industrial segment refers to identified historic and/or the projected cash flows of the borrower and secondarily to the underlying collateral provided by the borrower.