Fifth District Bancorp, Inc. (NASDAQ:FDSB - Get Free Report) shares dropped 0.1% during trading on Tuesday . The stock traded as low as $13.82 and last traded at $13.84. Approximately 4,924 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 7,448 shares. The stock had previously closed at $13.86.
Fifth District Bancorp Stock Down 0.1%
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 company has a market cap of $76.95 million and a PE ratio of 27.14. The firm has a fifty day simple moving average of $13.57 and a 200 day simple moving average of $12.75.
Fifth District Bancorp (NASDAQ:FDSB - Get Free Report) last posted its quarterly earnings results 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 return on equity of 2.01% and a net margin of 10.10%.
Fifth District Bancorp declared that its board has authorized a stock repurchase plan on Monday, August 25th that permits the company to repurchase $550,000.00 in outstanding shares. This repurchase authorization permits the company to repurchase up to 0.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.
Hedge Funds Weigh In On Fifth District Bancorp
An institutional investor recently bought a new position in Fifth District Bancorp stock. Fourthstone LLC acquired a new stake in Fifth District Bancorp, Inc. (NASDAQ:FDSB - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 91,367 shares of the company's stock, valued at approximately $1,128,000. Fourthstone LLC owned approximately 1.64% of Fifth District Bancorp at the end of the most recent reporting period.
Fifth District Bancorp Company Profile
(
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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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