Fifth District Bancorp (NASDAQ:FDSB) Trading 0.5% Higher - 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)'s share price traded up 0.5% during mid-day trading on Thursday . The stock traded as high as $13.49 and last traded at $13.37. 13,558 shares were traded 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 Price Performance

The company has a 50 day moving average price of $12.72 and a 200-day moving average price of $12.50. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.04. The company has a market cap of $74.31 million and a price-to-earnings ratio of 26.21.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FDSB. Alliancebernstein L.P. increased its stake in shares of Fifth District Bancorp by 21.9% in the fourth quarter. Alliancebernstein L.P. now owns 25,578 shares of the company's stock valued at $323,000 after buying an additional 4,588 shares during the period. Geode Capital Management LLC boosted its stake in shares of Fifth District Bancorp by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 48,333 shares of the company's stock valued at $612,000 after purchasing an additional 891 shares during the last quarter. Stilwell Value LLC boosted its stake in shares of Fifth District Bancorp by 87.7% in the 4th quarter. Stilwell Value LLC now owns 80,000 shares of the company's stock valued at $1,010,000 after purchasing an additional 37,368 shares during the last quarter. Beacon Pointe Advisors LLC bought a new stake in shares of Fifth District Bancorp in the 4th quarter valued at $139,000. Finally, Arcus Capital Partners LLC bought a new stake in shares of Fifth District Bancorp in the 1st quarter valued at $148,000.

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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