Fidelity D&D Bancorp (NASDAQ:FDBC) Stock Price Crosses Above 50 Day Moving Average - What's Next?

Key Points

• Fidelity D&D Bancorp shares recently crossed above their 50-day moving average, with the current share price at $42.96 and a market capitalization of approximately $247.88 million.
• The company announced a $0.40 quarterly dividend, to be paid on September 10th, resulting in an annualized yield of 3.72% and a payout ratio of 39.02%.
• Insider trading activity includes the COO selling 1,000 shares at $39.39 each, reducing their personal holdings in the company by 6.17%.

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC - Get Free Report)'s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $43.04 and traded as high as $43.41. Fidelity D&D Bancorp shares last traded at $42.96, with a volume of 6,485 shares changing hands.

Fidelity D&D Bancorp Stock Down 2.3%

The firm's 50-day moving average price is $43.06 and its 200 day moving average price is $42.76. The company has a market capitalization of $227.92 million, a price-to-earnings ratio of 9.63 and a beta of 0.97. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.03.

Fidelity D&D Bancorp (NASDAQ:FDBC - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The financial services provider reported $1.20 EPS for the quarter. The company had revenue of $23.29 million during the quarter. Fidelity D&D Bancorp had a net margin of 17.75% and a return on equity of 11.42%.

Fidelity D&D Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, August 15th. Fidelity D&D Bancorp's payout ratio is presently 39.02%.

Insider Activity

In related news, COO Eugene J. Walsh sold 1,000 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $39.39, for a total transaction of $39,390.00. Following the transaction, the chief operating officer owned 15,201 shares in the company, valued at $598,767.39. The trade was a 6.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 21.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FDBC. JPMorgan Chase & Co. lifted its position in shares of Fidelity D&D Bancorp by 129.3% during the 4th quarter. JPMorgan Chase & Co. now owns 20,373 shares of the financial services provider's stock valued at $994,000 after acquiring an additional 11,488 shares during the period. Wells Fargo & Company MN raised its holdings in Fidelity D&D Bancorp by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 2,790 shares of the financial services provider's stock worth $136,000 after buying an additional 607 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Fidelity D&D Bancorp by 3.0% during the fourth quarter. Renaissance Technologies LLC now owns 10,300 shares of the financial services provider's stock worth $503,000 after buying an additional 300 shares during the last quarter. Barclays PLC raised its holdings in Fidelity D&D Bancorp by 11.5% during the fourth quarter. Barclays PLC now owns 8,991 shares of the financial services provider's stock worth $439,000 after buying an additional 930 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Fidelity D&D Bancorp by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 14,450 shares of the financial services provider's stock worth $705,000 after buying an additional 260 shares during 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.