Fifth District Bancorp (NASDAQ:FDSB) to Repurchase $550,000.00 in Outstanding Stock

Key Points

• Fifth District Bancorp has announced a stock repurchase program, planning to buy back $550,000 worth of shares, reflecting the board's belief that the stock is undervalued.
• Currently, Fifth District Bancorp shares are trading at $13.41, with a market capitalization of $74.56 million and a price-to-earnings ratio of 26.29.
• For the last quarter, Fifth District Bancorp reported earnings of $0.61 EPS and a revenue of $6.87 million, with a net margin of 10.10%.

Fifth District Bancorp (NASDAQ:FDSB - Get Free Report) declared that its board has initiated a stock repurchase program on Monday, August 25th, RTT News reports. The company plans to buyback $550,000.00 in shares. This buyback authorization permits the company to reacquire up to 0.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

Fifth District Bancorp Trading Down 0.3%

Fifth District Bancorp stock traded down $0.04 during mid-day trading on Monday, hitting $13.41. 6,525 shares of the stock were exchanged, compared to its average volume of 8,045. The stock has a market capitalization of $74.56 million and a price-to-earnings ratio of 26.29. Fifth District Bancorp has a 12 month low of $10.03 and a 12 month high of $14.50. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.04. The firm's fifty day simple moving average is $12.88 and its two-hundred day simple moving average is $12.51.

Fifth District Bancorp (NASDAQ:FDSB - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.61 EPS for the quarter. The company had revenue of $6.87 million during the quarter. Fifth District Bancorp had a net margin of 10.10% and a return on equity of 2.01%.

About Fifth District Bancorp

Fifth District Bancorp, Inc is the holding company for Fifth District Savings Bank which provide all banking services. Fifth District Bancorp, Inc is based in NEW ORLEANS.

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