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

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) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totaling 24,200 shares, an increase of 28.0% from the July 31st total of 18,900 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 10,500 shares, the days-to-cover ratio is presently 2.3 days. Based on an average trading volume of 10,500 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.5% of the shares of the stock are short sold.

Fidelity D&D Bancorp Trading Down 2.3%

Fidelity D&D Bancorp stock traded down $1.09 during trading on Friday, reaching $46.24. 3,525 shares of the company were exchanged, compared to its average volume of 5,530. Fidelity D&D Bancorp has a 52-week low of $37.00 and a 52-week high of $61.21. The company has a market capitalization of $266.67 million, a P/E ratio of 11.28 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.81 and a quick ratio of 0.81. The stock's 50 day simple moving average is $43.53 and its two-hundred day simple moving average is $42.46.

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

Fidelity D&D Bancorp Dividend Announcement

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

Institutional Investors Weigh In On Fidelity D&D Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its position 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 purchasing an additional 245 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Fidelity D&D Bancorp in the second quarter valued at $56,000. Tower Research Capital LLC TRC grew its stake in shares of Fidelity D&D Bancorp by 430.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,251 shares of the financial services provider's stock valued at $58,000 after buying an additional 1,015 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Fidelity D&D Bancorp in the first quarter valued at $90,000. Finally, Curi Capital LLC acquired a new stake in shares of Fidelity D&D Bancorp in the second quarter valued at $201,000. Hedge funds and other institutional investors own 20.05% of the company's stock.

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.