Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) Short Interest Up 37.8% in March

Key Points

• Short interest up 37.8% — Short interest rose to 28,247 shares as of March 13, a 37.8% increase from late February, equal to about 0.6% of shares and a days-to-cover ratio of 4.4.
• Attractive yield amid modest valuation — The stock traded at $42.79 with a $251.6M market cap and a P/E of 8.79; the company pays a $0.43 quarterly dividend (4.0% yield) with a ~35% payout ratio.
• Insider and institutional stakes — Vice Chairman Michael J. Mcdonald bought 10,414 shares (~$500k) in February, boosting insider ownership to 21%, while institutions own roughly 20% of the stock.

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC - Get Free Report) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 28,247 shares, an increase of 37.8% from the February 26th total of 20,502 shares. Based on an average daily volume of 6,409 shares, the days-to-cover ratio is presently 4.4 days. Approximately 0.6% of the shares of the company are short sold.

Fidelity D&D Bancorp Price Performance

NASDAQ FDBC traded down $0.54 during trading on Friday, reaching $42.79. The company's stock had a trading volume of 7,138 shares, compared to its average volume of 7,866. The stock has a market capitalization of $251.61 million, a PE ratio of 8.79 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a fifty day moving average of $44.80 and a 200 day moving average of $44.44. Fidelity D&D Bancorp has a one year low of $37.00 and a one year high of $50.00.

Fidelity D&D Bancorp (NASDAQ:FDBC - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter. Fidelity D&D Bancorp had a return on equity of 12.56% and a net margin of 20.08%.The firm had revenue of $25.57 million during the quarter.

Fidelity D&D Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Friday, February 13th were given a dividend of $0.43 per share. The ex-dividend date was Friday, February 13th. This represents a $1.72 annualized dividend and a yield of 4.0%. Fidelity D&D Bancorp's payout ratio is presently 35.32%.

Insider Transactions at Fidelity D&D Bancorp

In related news, Vice Chairman Michael J. Mcdonald bought 10,414 shares of the business's stock in a transaction on Thursday, February 5th. The stock was acquired at an average price of $48.01 per share, for a total transaction of $499,976.14. Following the purchase, the insider directly owned 181,228 shares in the company, valued at $8,700,756.28. This trade represents a 6.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 21.00% of the company's stock.

Institutional Trading of Fidelity D&D Bancorp

A number of hedge funds have recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co purchased a new position in Fidelity D&D Bancorp in the fourth quarter worth $25,000. Royal Bank of Canada raised its position in Fidelity D&D Bancorp by 154.7% during the fourth quarter. Royal Bank of Canada now owns 647 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 393 shares in the last quarter. Siena Capital Partners GP LLC bought a new stake in Fidelity D&D Bancorp during the third quarter worth about $39,000. BNP Paribas Financial Markets boosted its holdings in shares of Fidelity D&D Bancorp by 148.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,185 shares of the financial services provider's stock worth $52,000 after purchasing an additional 709 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Fidelity D&D Bancorp in the 2nd quarter worth about $56,000. 20.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Fidelity D&D Bancorp in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold".

Fidelity D&D Bancorp Company Profile

Fidelity D&D Bancorp, Inc is the bank holding company for Fidelity Deposit & Discount Bank, a New York–chartered community bank headquartered in Melville, New York. Through its banking subsidiary, the company offers a broad range of deposit and lending products designed to meet the needs of individuals, small businesses and commercial clients throughout Long Island's Nassau and Suffolk counties.

On the deposit side, Fidelity Deposit & Discount Bank provides traditional checking and savings accounts, money market accounts and certificates of deposit.

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