Bank of New York Mellon Corp Purchases Shares of 30,403 Fidelity D&D Bancorp Inc. $FDBC

Bank of New York Mellon Corp purchased a new stake in Fidelity D&D Bancorp Inc. (NASDAQ:FDBC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 30,403 shares of the financial services provider's stock, valued at approximately $1,563,000. Bank of New York Mellon Corp owned 0.52% of Fidelity D&D Bancorp as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in shares of Fidelity D&D Bancorp by 154.7% during the fourth quarter. Royal Bank of Canada now owns 647 shares of the financial services provider's stock worth $28,000 after acquiring an additional 393 shares during the period. Bank of America Corp DE raised its stake in shares of Fidelity D&D Bancorp by 7.5% in the 3rd quarter. Bank of America Corp DE now owns 6,827 shares of the financial services provider's stock valued at $299,000 after purchasing an additional 475 shares during the period. Geode Capital Management LLC raised its stake in shares of Fidelity D&D Bancorp by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 114,262 shares of the financial services provider's stock valued at $4,975,000 after purchasing an additional 508 shares during the period. Jane Street Group LLC lifted its holdings in shares of Fidelity D&D Bancorp by 8.4% in the second quarter. Jane Street Group LLC now owns 6,758 shares of the financial services provider's stock valued at $311,000 after purchasing an additional 523 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co bought a new stake in shares of Fidelity D&D Bancorp in the fourth quarter valued at about $25,000. Institutional investors and hedge funds own 20.05% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Fidelity D&D Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Fidelity D&D Bancorp has a consensus rating of "Buy".

Fidelity D&D Bancorp Stock Up 0.9%

Fidelity D&D Bancorp stock opened at $53.95 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.02. Fidelity D&D Bancorp Inc. has a 1-year low of $39.87 and a 1-year high of $56.14. The company has a fifty day simple moving average of $53.10 and a 200 day simple moving average of $48.46. The company has a market cap of $313.45 million, a P/E ratio of 10.28 and a beta of 0.83.

Fidelity D&D Bancorp (NASDAQ:FDBC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.33 EPS for the quarter. The company had revenue of $20.76 million during the quarter. Fidelity D&D Bancorp had a net margin of 21.12% and a return on equity of 12.67%.

Fidelity D&D Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, August 14th. Fidelity D&D Bancorp's dividend payout ratio (DPR) is currently 32.76%.

About Fidelity D&D Bancorp

Fidelity D&D Bancorp, Inc is the bank holding company for Fidelity Deposit & Discount Bank, a New York–chartered community bank headquartered in Melville, New York. Through its banking subsidiary, the company offers a broad range of deposit and lending products designed to meet the needs of individuals, small businesses and commercial clients throughout Long Island's Nassau and Suffolk counties.

On the deposit side, Fidelity Deposit & Discount Bank provides traditional checking and savings accounts, money market accounts and certificates of deposit.

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