Fidelity D&D Bancorp (NASDAQ:FDBC) Releases Earnings Results

Key Points

• Fidelity D&D Bancorp reported earnings of $1.27 per share for the quarter, with a return on equity of 11.28% and a net margin of 17.75%.
• The company's stock opened at $43.63 and has a market capitalization of $251.61 million, with a price-to-earnings ratio of 10.64.
• Analysts hold an average rating of "Hold" for Fidelity D&D Bancorp, with notable institutional investment increases observed during the second quarter.

Fidelity D&D Bancorp (NASDAQ:FDBC - Get Free Report) announced its earnings results on Wednesday. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, Zacks reports. Fidelity D&D Bancorp had a return on equity of 11.28% and a net margin of 17.75%.

Fidelity D&D Bancorp Stock Performance

NASDAQ:FDBC opened at $43.63 on Wednesday. The company's 50-day moving average is $43.91 and its two-hundred day moving average is $42.56. Fidelity D&D Bancorp has a 1-year low of $37.00 and a 1-year high of $61.21. 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 firm has a market capitalization of $251.61 million, a price-to-earnings ratio of 10.64 and a beta of 1.07.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Fidelity D&D Bancorp in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold".

Institutional Investors Weigh In On Fidelity D&D Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in Fidelity D&D Bancorp by 1.7% during the second quarter. Geode Capital Management LLC now owns 114,165 shares of the financial services provider's stock worth $5,253,000 after purchasing an additional 1,945 shares in the last quarter. Fidelity D & D Bancorp Inc. raised its holdings in shares of Fidelity D&D Bancorp by 14.4% in the 2nd quarter. Fidelity D & D Bancorp Inc. now owns 113,729 shares of the financial services provider's stock valued at $5,232,000 after buying an additional 14,327 shares during the period. Quantinno Capital Management LP acquired a new position in Fidelity D&D Bancorp during the 2nd quarter worth about $679,000. Jane Street Group LLC boosted its holdings 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 acquiring an additional 523 shares during the period. Finally, Bank of America Corp DE grew its position in Fidelity D&D Bancorp by 25.6% in the 2nd quarter. Bank of America Corp DE now owns 6,352 shares of the financial services provider's stock valued at $292,000 after acquiring an additional 1,296 shares in the last quarter. Institutional investors and hedge funds 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.

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