Fifth District Bancorp (NASDAQ:FDSB) Trading Up 0.5% - Should You Buy?

Key Points

• Fifth District Bancorp's share price increased by 0.5% to $13.37, with trading volume rising by 57% compared to its average.
• The company reported $0.61 earnings per share for its latest quarter, with a net margin of 10.10% and revenue of $6.87 million.
• Several institutional investors, including Alliancebernstein and Stilwell Value, have significantly increased their stakes in Fifth District Bancorp during the fourth quarter.

Fifth District Bancorp, Inc. (NASDAQ:FDSB - Get Free Report) shot up 0.5% during trading on Thursday . The stock traded as high as $13.49 and last traded at $13.37. 13,558 shares changed hands during mid-day trading, an increase of 57% from the average session volume of 8,610 shares. The stock had previously closed at $13.30.

Fifth District Bancorp Trading Down 0.0%

The company has a 50 day moving average of $12.76 and a 200 day moving average of $12.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $74.48 million and a price-to-earnings ratio of 26.27.

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

Hedge Funds Weigh In On Fifth District Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Fourthstone LLC purchased a new position in Fifth District Bancorp during the 2nd quarter valued at about $1,128,000. Stilwell Value LLC boosted its holdings in Fifth District Bancorp by 87.7% during the 4th quarter. Stilwell Value LLC now owns 80,000 shares of the company's stock valued at $1,010,000 after acquiring an additional 37,368 shares during the period. Geode Capital Management LLC boosted its holdings in Fifth District Bancorp by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 48,333 shares of the company's stock valued at $612,000 after acquiring an additional 891 shares during the period. Alliancebernstein L.P. boosted its holdings in Fifth District Bancorp by 21.9% during the 4th quarter. Alliancebernstein L.P. now owns 25,578 shares of the company's stock valued at $323,000 after acquiring an additional 4,588 shares during the period. Finally, Arcus Capital Partners LLC boosted its holdings in Fifth District Bancorp by 9.5% during the 2nd quarter. Arcus Capital Partners LLC now owns 13,304 shares of the company's stock valued at $164,000 after acquiring an additional 1,149 shares during the period.

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.