Fidelity D&D Bancorp (NASDAQ:FDBC) Stock Crosses Below Two Hundred Day Moving Average - What's Next?

Key Points

• Intraday technical signal: FDBC briefly crossed below its 200‑day moving average (200‑day MA $44.56), trading as low as $44.16 before last trading at $45.09 on volume of 11,058 shares.
• Dividend announced: The company declared a quarterly dividend of $0.43 per share (annualized $1.72), with an ex‑dividend/record date of May 20 and payment on June 10, implying a yield of about 3.8% and a payout ratio of 33.59%.
• Fundamentals & insider activity: FDBC reported quarterly EPS of $1.28, trades at a P/E of 8.81 with a market cap of ~$265M and ROE of 12.97%, has a MarketBeat/Weiss consensus rating of "Hold," and Vice Chairman Michael J. McDonald purchased 10,414 shares in February, leaving insiders owning roughly 20.7%.

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC - Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $44.56 and traded as low as $44.16. Fidelity D&D Bancorp shares last traded at $45.09, with a volume of 11,058 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Fidelity D&D Bancorp in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold".

Fidelity D&D Bancorp Price Performance

The company's 50 day moving average price is $44.47 and its 200 day moving average price is $44.56. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $265.13 million, a price-to-earnings ratio of 8.81 and a beta of 0.83.

Fidelity D&D Bancorp (NASDAQ:FDBC - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $1.28 earnings per share (EPS) for the quarter. Fidelity D&D Bancorp had a net margin of 20.78% and a return on equity of 12.97%. The business had revenue of $19.41 million during the quarter.

Fidelity D&D Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 20th. Fidelity D&D Bancorp's dividend payout ratio is currently 33.59%.

Insider Buying and Selling at Fidelity D&D Bancorp

In other news, Vice Chairman Michael J. Mcdonald bought 10,414 shares of the business's stock in a transaction dated Thursday, February 5th. The stock was bought at an average price of $48.01 per share, for a total transaction of $499,976.14. Following the completion of the purchase, the insider owned 181,228 shares of the company's stock, valued at approximately $8,700,756.28. The trade was a 6.10% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 20.69% of the company's stock.

Institutional Investors Weigh In On Fidelity D&D Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Fidelity D&D Bancorp by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 247,519 shares of the financial services provider's stock valued at $10,849,000 after purchasing an additional 1,677 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Fidelity D&D Bancorp by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 114,262 shares of the financial services provider's stock worth $4,975,000 after purchasing an additional 508 shares during the last quarter. Fidelity D & D Bancorp Inc. increased its stake in shares of Fidelity D&D Bancorp by 14.4% in the second 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 in the last quarter. State Street Corp increased its stake in shares of Fidelity D&D Bancorp by 0.8% in the fourth quarter. State Street Corp now owns 74,530 shares of the financial services provider's stock valued at $3,244,000 after buying an additional 607 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Fidelity D&D Bancorp by 13.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 26,741 shares of the financial services provider's stock valued at $1,164,000 after buying an additional 3,121 shares during the last quarter. 20.05% of the stock is owned by institutional investors and hedge funds.

About Fidelity D&D Bancorp

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.