Fidelity D&D Bancorp (NASDAQ:FDBC) Share Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Fidelity D&D Bancorp's stock price dropped below its 200-day moving average of $42.62, trading at $39.89, prompting speculation about potential selling points.
• The company reported $1.20 earnings per share for the last quarter with a net margin of 17.75% and a return on equity of 11.42%.
• Fidelity D&D Bancorp announced a quarterly dividend of $0.40 per share, representing an annualized yield of 4.0% and a payout ratio of 39.02%.

Shares of Fidelity D&D Bancorp Inc. (NASDAQ:FDBC - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.62 and traded as low as $39.36. Fidelity D&D Bancorp shares last traded at $39.89, with a volume of 5,146 shares changing hands.

Fidelity D&D Bancorp Stock Up 2.6%

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 fifty day moving average price of $43.04 and a two-hundred day moving average price of $42.56. The company has a market cap of $240.44 million, a P/E ratio of 10.19 and a beta of 0.99.

Fidelity D&D Bancorp (NASDAQ:FDBC - Get Free Report) last issued its quarterly 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 return on equity of 11.42% and a net margin of 17.75%.

Fidelity D&D Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, August 15th. Fidelity D&D Bancorp's dividend payout ratio (DPR) is currently 39.02%.

Insider Transactions at Fidelity D&D Bancorp

In other Fidelity D&D Bancorp news, COO Eugene J. Walsh sold 1,000 shares of the firm's stock in a transaction 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 sale, the chief operating officer directly owned 15,201 shares of the company's stock, valued at $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 available through this link. 18.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fidelity D&D Bancorp

Hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted 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 valued at $5,253,000 after buying an additional 1,945 shares during the period. Jane Street Group LLC bought a new stake in Fidelity D&D Bancorp during the first quarter worth about $259,000. Nuveen LLC bought a new stake in Fidelity D&D Bancorp during the first quarter worth about $378,000. Charles Schwab Investment Management Inc. lifted its stake in Fidelity D&D Bancorp by 5.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,705 shares of the financial services provider's stock worth $570,000 after purchasing an additional 684 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Fidelity D&D Bancorp by 7.4% during the first quarter. PNC Financial Services Group Inc. now owns 8,284 shares of the financial services provider's stock worth $345,000 after purchasing an additional 570 shares during the last quarter. 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.