Fidelity D&D Bancorp (NASDAQ:FDBC) Shares Cross Above 50 Day Moving Average - Here's What Happened

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC - Get Free Report)'s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $41.66 and traded as high as $48.76. Fidelity D&D Bancorp shares last traded at $47.35, with a volume of 17,327 shares traded.

Fidelity D&D Bancorp Price Performance

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 stock has a 50 day simple moving average of $42.07 and a two-hundred day simple moving average of $43.15. The company has a market cap of $280.31 million, a price-to-earnings ratio of 12.92 and a beta of 0.97.

Fidelity D&D Bancorp (NASDAQ:FDBC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $1.03 earnings per share for the quarter. Fidelity D&D Bancorp had a net margin of 16.83% and a return on equity of 10.62%. The firm had revenue of $22.01 million for the quarter.

Fidelity D&D Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 20th were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, May 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.29%. Fidelity D&D Bancorp's dividend payout ratio is currently 42.55%.

Insider Buying and Selling

In related news, COO Eugene J. Walsh sold 1,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $39.39, for a total value of $39,390.00. Following the completion of the transaction, the chief operating officer directly owned 15,201 shares in the company, valued at approximately $598,767.39. This represents a 6.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 18.37% of the company's stock.

Hedge Funds Weigh In On Fidelity D&D Bancorp

A number of hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in Fidelity D&D Bancorp in the 1st quarter valued at about $259,000. Nuveen LLC acquired a new stake in shares of Fidelity D&D Bancorp during the first quarter valued at about $378,000. Charles Schwab Investment Management Inc. raised its stake in shares of Fidelity D&D Bancorp by 5.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,705 shares of the financial services provider's stock valued at $570,000 after acquiring an additional 684 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Fidelity D&D Bancorp by 7.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,284 shares of the financial services provider's stock valued at $345,000 after acquiring an additional 570 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of Fidelity D&D Bancorp in the 1st quarter worth approximately $90,000. 20.05% of the stock is currently owned by hedge funds and other institutional investors.

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.