Fidelity D&D Bancorp (NASDAQ:FDBC) Share Price Passes Below Two Hundred Day Moving Average - Here's Why

Key Points

• Fidelity D&D Bancorp's share price has dipped below its 200-day moving average, currently trading at $40.88 compared to a moving average of $42.52.
• The company announced a quarterly dividend of $0.40 per share, yielding an annualized basis of 3.9%, set to be paid on September 10th to shareholders of record by August 15th.
• Insider trading activity included COO Eugene J. Walsh selling 1,000 shares at $39.39, representing a 6.17% decrease in their ownership of the stock.

Shares of Fidelity D&D Bancorp Inc. (NASDAQ:FDBC - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $42.52 and traded as low as $40.88. Fidelity D&D Bancorp shares last traded at $40.88, with a volume of 5,809 shares.

Fidelity D&D Bancorp Stock Performance

The firm has a market capitalization of $248.69 million, a PE ratio of 10.51 and a beta of 0.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.81 and a current ratio of 0.81. The company's fifty day moving average price is $43.17 and its two-hundred day moving average price 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 earnings per share for the quarter. The business had revenue of $23.29 million for the quarter. Fidelity D&D Bancorp had a net margin of 17.75% and a return on equity of 11.28%.

Fidelity D&D Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a $0.40 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.60 annualized dividend and a yield of 3.7%. Fidelity D&D Bancorp's dividend payout ratio (DPR) is presently 39.02%.

Insider Buying and Selling

In related news, COO Eugene J. Walsh sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $39.39, for a total value of $39,390.00. Following the transaction, the chief operating officer owned 15,201 shares in the company, valued at approximately $598,767.39. This trade represents a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 21.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FDBC. JPMorgan Chase & Co. raised its holdings in Fidelity D&D Bancorp by 129.3% in the fourth quarter. JPMorgan Chase & Co. now owns 20,373 shares of the financial services provider's stock valued at $994,000 after buying an additional 11,488 shares during the period. Wells Fargo & Company MN raised its holdings in Fidelity D&D Bancorp by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 2,790 shares of the financial services provider's stock valued at $136,000 after buying an additional 607 shares during the period. Renaissance Technologies LLC raised its holdings in Fidelity D&D Bancorp by 3.0% in the fourth quarter. Renaissance Technologies LLC now owns 10,300 shares of the financial services provider's stock valued at $503,000 after buying an additional 300 shares during the period. Barclays PLC raised its holdings in Fidelity D&D Bancorp by 11.5% in the fourth quarter. Barclays PLC now owns 8,991 shares of the financial services provider's stock valued at $439,000 after buying an additional 930 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Fidelity D&D Bancorp by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 14,450 shares of the financial services provider's stock valued at $705,000 after buying an additional 260 shares during the period. Hedge funds and other institutional investors own 20.05% of the company's stock.

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.