Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC - Get Free Report) was the recipient of a significant increase in short interest in 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. Currently, 0.4% of the company's stock are short sold. Based on an average daily volume of 6,600 shares, the short-interest ratio is presently 2.9 days.
Fidelity D & D Bancorp Stock Up 0.3%
Shares of Fidelity D & D Bancorp stock traded up $0.12 on Friday, reaching $40.99. 3,589 shares of the company were exchanged, compared to its average volume of 8,295. The stock's 50 day moving average price is $40.53 and its 200-day moving average price is $44.69. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.80 and a quick ratio of 0.80. Fidelity D & D Bancorp has a 1-year low of $37.00 and a 1-year high of $61.21. The company has a market cap of $236.39 million, a P/E ratio of 11.35 and a beta of 0.96.
Fidelity D & D Bancorp (NASDAQ:FDBC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $1.03 earnings per share (EPS) for the quarter. Fidelity D & D Bancorp had a net margin of 16.50% and a return on equity of 10.49%. The company had revenue of $22.01 million during the quarter.
Fidelity D & D Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $1.60 annualized dividend and a dividend yield of 3.90%. Fidelity D & D Bancorp's dividend payout ratio (DPR) is currently 42.55%.
Insider Activity at Fidelity D & D Bancorp
In other Fidelity D & D Bancorp news, COO Eugene J. Walsh sold 1,000 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $39.39, for a total transaction of $39,390.00. Following the sale, the chief operating officer now owns 15,201 shares in the company, valued at $598,767.39. This represents a 6.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 21.00% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Fidelity D & D Bancorp
A number of institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in Fidelity D & D Bancorp by 62.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 639 shares of the financial services provider's stock valued at $31,000 after buying an additional 245 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Fidelity D & D Bancorp by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 14,450 shares of the financial services provider's stock valued at $705,000 after acquiring an additional 260 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Fidelity D & D Bancorp by 3.0% during the 4th quarter. Renaissance Technologies LLC now owns 10,300 shares of the financial services provider's stock worth $503,000 after acquiring an additional 300 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Fidelity D & D Bancorp by 7.4% during the first quarter. PNC Financial Services Group Inc. now owns 8,284 shares of the financial services provider's stock worth $345,000 after purchasing an additional 570 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Fidelity D & D Bancorp by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 2,790 shares of the financial services provider's stock worth $136,000 after purchasing an additional 607 shares during the last quarter. Institutional investors and hedge funds own 20.05% of the company's stock.
About Fidelity D & D Bancorp
(
Get Free Report)
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.
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