Fifth District Bancorp (NASDAQ:FDSB) Trading 0.6% Higher - Time to Buy?

Key Points

• Fifth District Bancorp shares rose 0.6% to $18.36, with trading volume up 111% from its average. The stock’s market capitalization is approximately $96.2 million and its price-to-earnings ratio is 54.
• Analyst sentiment remains cautious: Weiss Ratings upgraded the stock from “sell” to “hold,” while the sole research analyst covering the company also rates it “Hold.”
• The bank reported quarterly EPS of $0.08 on $3.96 million in revenue, with a 6.97% net margin and 1.27% return on equity. Institutional investors have increased their holdings, although a director recently sold 2,692 shares.

Fifth District Bancorp, Inc. (NASDAQ:FDSB - Get Free Report)'s stock price shot up 0.6% during trading on Friday . The stock traded as high as $18.49 and last traded at $18.36. 14,111 shares were traded during trading, an increase of 111% from the average daily volume of 6,688 shares. The stock had previously closed at $18.25.

Wall Street Analysts Forecast Growth

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

Fifth District Bancorp Trading Up 0.6%

The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.05. The firm's 50 day simple moving average is $16.92 and its 200-day simple moving average is $15.66. The company has a market capitalization of $96.21 million, a PE ratio of 54.00 and a beta of 0.20.

Fifth District Bancorp (NASDAQ:FDSB - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $3.96 million during the quarter. Fifth District Bancorp had a net margin of 6.97% and a return on equity of 1.27%.

Insider Transactions at Fifth District Bancorp

In related news, Director Linda A. Sins sold 2,692 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $15.02, for a total value of $40,433.84. Following the completion of the sale, the director directly owned 4,700 shares in the company, valued at approximately $70,594. This represents a 36.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.60% of the company's stock.

Institutional Investors Weigh In On Fifth District Bancorp

Several institutional investors and hedge funds have recently modified their holdings of FDSB. Renaissance Technologies LLC raised its holdings in shares of 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 buying an additional 51,321 shares during the period. Alliancebernstein L.P. lifted its position in Fifth District Bancorp by 56.0% during 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. BlackRock Inc. purchased a new position in Fifth District Bancorp in the 2nd quarter worth approximately $519,000. Marshall Wace LLP acquired a new stake in Fifth District Bancorp in the fourth quarter valued at approximately $151,000. Finally, Susquehanna International Group LLP grew its position in Fifth District Bancorp by 28.2% in the third quarter. Susquehanna International Group LLP now owns 13,149 shares of the company's stock valued at $182,000 after acquiring an additional 2,894 shares in the last quarter.

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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