Fifth District Bancorp (NASDAQ:FDSB) Stock Price Up 1.1% - Still a Buy?

Fifth District Bancorp, Inc. (NASDAQ:FDSB - Get Free Report)'s share price was up 1.1% during mid-day trading on Thursday . The stock traded as high as $17.45 and last traded at $17.18. Approximately 3,222 shares changed hands during trading, a decline of 45% from the average daily volume of 5,830 shares. The stock had previously closed at $17.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Fifth District Bancorp from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Fifth District Bancorp presently has a consensus rating of "Hold".

Fifth District Bancorp Stock Up 1.1%

The stock's fifty day simple moving average is $16.04 and its two-hundred day simple moving average is $15.34. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $90.37 million, a price-to-earnings ratio of 19.75 and a beta of 0.23.

Fifth District Bancorp (NASDAQ:FDSB - Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.08 earnings per share (EPS) for the quarter. Fifth District Bancorp had a return on equity of 3.37% and a net margin of 16.35%.The business had revenue of $3.78 million during the quarter.

Insider Activity

In related news, Director Linda A. Sins sold 2,692 shares of Fifth District Bancorp stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $15.02, for a total transaction of $40,433.84. Following the transaction, the director directly owned 4,700 shares of the company's stock, valued at $70,594. The trade was a 36.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.60% of the company's stock.

Institutional Investors Weigh In On Fifth District Bancorp

Several hedge funds have recently modified their holdings of FDSB. Alliancebernstein L.P. lifted its stake in Fifth District Bancorp by 56.0% in the 3rd quarter. Alliancebernstein L.P. now owns 133,954 shares of the company's stock worth $1,853,000 after acquiring an additional 48,103 shares in the last quarter. Renaissance Technologies LLC grew its stake in Fifth District Bancorp by 427.7% during the 4th quarter. Renaissance Technologies LLC now owns 63,321 shares of the company's stock valued at $950,000 after acquiring an additional 51,321 shares in the last quarter. Susquehanna International Group LLP increased its holdings in shares of Fifth District Bancorp by 28.2% in the 3rd quarter. Susquehanna International Group LLP now owns 13,149 shares of the company's stock valued at $182,000 after purchasing an additional 2,894 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Fifth District Bancorp in the 4th quarter valued at about $151,000.

About Fifth District Bancorp

Fifth District Bancorp is a bank holding company headquartered in Vienna, Virginia. Through its principal subsidiary, Fifth District Bank, the company offers a full suite of commercial and retail banking services designed to meet the needs of individuals, small businesses and middle-market enterprises. Operating under a national bank charter, Fifth District Bancorp focuses on relationship-driven service, providing its clients with personalized financial solutions and responsive customer support.

The bank's core business activities include deposit-taking, commercial and industrial lending, mortgage banking, and wealth management.

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