Hsbc Holdings PLC Purchases New Position in Fidelity D&D Bancorp Inc. $FDBC

Key Points

• HSBC Holdings PLC acquired 19,405 shares of Fidelity D&D Bancorp worth approximately $999,000, representing about 0.33% of the company. Institutional investors collectively owned 20.05% of the stock.
• Fidelity D&D Bancorp received a ratings upgrade from Weiss Ratings to “buy (b),” while MarketBeat reports a consensus “Buy” rating from analysts.
• The company reported quarterly EPS of $1.33 on $20.76 million in revenue and announced a quarterly dividend of $0.43 per share, equating to a 3.2% yield and a $1.72 annualized payout.

Hsbc Holdings PLC acquired a new position in shares of Fidelity D&D Bancorp Inc. (NASDAQ:FDBC - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 19,405 shares of the financial services provider's stock, valued at approximately $999,000. Hsbc Holdings PLC owned approximately 0.33% of Fidelity D&D Bancorp at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in shares of Fidelity D&D Bancorp during the first quarter worth $259,000. Geode Capital Management LLC boosted its holdings in shares of Fidelity D&D Bancorp by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 114,165 shares of the financial services provider's stock valued at $5,253,000 after acquiring an additional 1,945 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Fidelity D&D Bancorp during the 2nd quarter valued at $679,000. Raymond James Financial Inc. bought a new stake in Fidelity D&D Bancorp during the 2nd quarter worth $56,000. Finally, Bank of America Corp DE increased its holdings in Fidelity D&D Bancorp by 25.6% in the 2nd quarter. Bank of America Corp DE now owns 6,352 shares of the financial services provider's stock worth $292,000 after purchasing an additional 1,296 shares in the last quarter. Institutional investors own 20.05% of the company's stock.

Wall Street Analyst Weigh In

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

Fidelity D&D Bancorp Price Performance

FDBC stock opened at $53.03 on Wednesday. The company has a fifty day moving average price of $52.76 and a 200-day moving average price of $48.10. The company has a market capitalization of $308.00 million, a P/E ratio of 10.10 and a beta of 0.84. Fidelity D&D Bancorp Inc. has a 52-week low of $39.87 and a 52-week high of $56.14. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.85.

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

Fidelity D&D Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.72 annualized dividend and a yield of 3.2%. Fidelity D&D Bancorp's payout ratio is presently 32.76%.

Fidelity D&D Bancorp Company Profile

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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