Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) Short Interest Up 28.0% in August

Key Points

• Fidelity D&D Bancorp Inc. experienced a significant increase in short interest, rising by 28.0% in August, with a total of 24,200 shares short sold as of August 15th.
• The company announced a quarterly dividend of $0.40 per share, translating to an annual yield of 3.6%, with payment set for September 10th.
• Fidelity D&D Bancorp reported earnings of $1.20 per share for the last quarter, with a revenue of $23.29 million and a return on equity of 11.28%.

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC - Get Free Report) saw a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 24,200 shares, a growth of 28.0% from the July 31st total of 18,900 shares. Based on an average daily trading volume, of 10,500 shares, the short-interest ratio is presently 2.3 days. Approximately 0.5% of the shares of the company are sold short. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 10,500 shares, the short-interest ratio is presently 2.3 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its position in shares of Fidelity D&D Bancorp by 62.2% during the 4th 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 raised its stake in Fidelity D&D Bancorp by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 14,450 shares of the financial services provider's stock valued at $705,000 after purchasing an additional 260 shares during the period. Jane Street Group LLC raised its stake in Fidelity D&D Bancorp by 8.4% during the 2nd quarter. Jane Street Group LLC now owns 6,758 shares of the financial services provider's stock valued at $311,000 after purchasing an additional 523 shares during the period. PNC Financial Services Group Inc. raised its stake in Fidelity D&D Bancorp by 7.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,284 shares of the financial services provider's stock valued at $345,000 after purchasing an additional 570 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Fidelity D&D Bancorp by 5.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,705 shares of the financial services provider's stock valued at $570,000 after purchasing an additional 684 shares during the period. 20.05% of the stock is owned by hedge funds and other institutional investors.

Fidelity D&D Bancorp Stock Performance

Shares of Fidelity D&D Bancorp stock traded down $1.09 during trading on Friday, hitting $46.24. 3,525 shares of the company's stock traded hands, compared to its average volume of 5,530. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.81 and a quick ratio of 0.81. Fidelity D&D Bancorp has a 1 year low of $37.00 and a 1 year high of $61.21. The stock has a market capitalization of $266.67 million, a P/E ratio of 11.28 and a beta of 1.03. The business has a 50-day simple moving average of $43.53 and a 200-day simple moving average of $42.45.

Fidelity D&D Bancorp (NASDAQ:FDBC - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The financial services provider reported $1.20 earnings per share (EPS) for the quarter. The business had revenue of $23.29 million for the quarter. Fidelity D&D Bancorp had a return on equity of 11.28% and a net margin of 17.75%.

Fidelity D&D Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Fidelity D&D Bancorp's payout ratio is presently 39.02%.

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.