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

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC - Get Free Report) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 19,400 shares, an increase of 17.6% from the April 30th total of 16,500 shares. Approximately 0.4% of the company's stock are sold short. Based on an average daily trading volume, of 6,600 shares, the days-to-cover ratio is presently 2.9 days.

Insider Activity

In related news, COO Eugene J. Walsh sold 1,000 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $39.39, for a total value of $39,390.00. Following the transaction, the chief operating officer now owns 15,201 shares in the company, valued at approximately $598,767.39. This trade represents a 6.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 21.00% of the stock is currently owned by insiders.

Institutional Trading of Fidelity D & D Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in shares of Fidelity D & D Bancorp by 129.3% in the 4th quarter. JPMorgan Chase & Co. now owns 20,373 shares of the financial services provider's stock worth $994,000 after buying an additional 11,488 shares during the last quarter. Deutsche Bank AG lifted its holdings 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 during the period. Bank of New York Mellon Corp raised its stake in shares of Fidelity D & D Bancorp by 2.2% in the fourth quarter. Bank of New York Mellon Corp now owns 29,356 shares of the financial services provider's stock worth $1,433,000 after buying an additional 639 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Fidelity D & D Bancorp by 15.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,714 shares of the financial services provider's stock worth $376,000 after purchasing an additional 1,056 shares in the last quarter. Finally, Citadel Advisors LLC grew its position in shares of Fidelity D & D Bancorp by 18.9% during the fourth quarter. Citadel Advisors LLC now owns 11,641 shares of the financial services provider's stock worth $568,000 after purchasing an additional 1,853 shares in the last quarter. Hedge funds and other institutional investors own 20.05% of the company's stock.

Fidelity D & D Bancorp Trading Up 0.3%

Shares of NASDAQ:FDBC traded up $0.12 during midday trading on Friday, hitting $40.99. 3,589 shares of the stock were exchanged, compared to its average volume of 8,287. The business's 50-day moving average price is $40.53 and its 200 day moving average price is $44.63. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $236.39 million, a price-to-earnings ratio of 11.35 and a beta of 0.95. Fidelity D & D Bancorp has a 12 month low of $37.00 and a 12 month high of $61.21.

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

Fidelity D & D Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, May 20th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $1.60 dividend on an annualized basis and a yield of 3.90%. Fidelity D & D Bancorp's dividend payout ratio (DPR) is 42.55%.

About Fidelity D & D Bancorp

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.