Nuveen LLC Invests $378,000 in Fidelity D&D Bancorp Inc. $FDBC

Key Points

• Nuveen LLC invested approximately $378,000 in Fidelity D&D Bancorp by acquiring 9,080 shares in the first quarter, representing around 0.16% of the company's stock.
• GAMMA Investing LLC significantly increased its position in Fidelity D&D Bancorp by over 35,000% during the same period, now owning 16,270 shares valued at $677,000.
• The company declared a quarterly dividend of $0.40 per share, yielding 3.5%, with the ex-dividend date set for August 15th.

Nuveen LLC bought a new position in shares of Fidelity D&D Bancorp Inc. (NASDAQ:FDBC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,080 shares of the financial services provider's stock, valued at approximately $378,000. Nuveen LLC owned approximately 0.16% of Fidelity D&D Bancorp as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FDBC. Liberty Square Wealth Partners LLC purchased a new stake in Fidelity D&D Bancorp during the 4th quarter valued at about $1,621,000. GAMMA Investing LLC boosted its holdings in shares of Fidelity D&D Bancorp by 35,269.6% during the 1st quarter. GAMMA Investing LLC now owns 16,270 shares of the financial services provider's stock worth $677,000 after purchasing an additional 16,224 shares during the last quarter. Alliance Wealth Advisors LLC grew its position in shares of Fidelity D&D Bancorp by 109.1% in the first quarter. Alliance Wealth Advisors LLC now owns 9,332 shares of the financial services provider's stock valued at $388,000 after purchasing an additional 4,870 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Fidelity D&D Bancorp by 85.9% in the 4th quarter. Deutsche Bank AG now owns 6,624 shares of the financial services provider's stock worth $323,000 after acquiring an additional 3,061 shares during the last quarter. Finally, Fidelity D & D Bancorp Inc. increased its position in Fidelity D&D Bancorp by 3.1% during the first quarter. Fidelity D & D Bancorp Inc. now owns 99,402 shares of the financial services provider's stock worth $4,136,000 after purchasing an additional 3,020 shares during the last quarter. 20.05% of the stock is owned by hedge funds and other institutional investors.

Fidelity D&D Bancorp Trading Down 0.1%

FDBC traded down $0.04 during trading hours on Wednesday, reaching $45.11. The company's stock had a trading volume of 4,980 shares, compared to its average volume of 5,417. Fidelity D&D Bancorp Inc. has a fifty-two week low of $37.00 and a fifty-two week high of $61.21. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $260.28 million, a PE ratio of 11.00 and a beta of 1.03. The business's 50-day moving average is $43.60 and its 200-day moving average is $42.42.

Fidelity D&D Bancorp (NASDAQ:FDBC - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $1.20 earnings per share for the quarter. The business had revenue of $23.29 million during the quarter. Fidelity D&D Bancorp had a return on equity of 11.28% and a net margin of 17.75%.

Fidelity D&D Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, August 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.5%. Fidelity D&D Bancorp's dividend payout ratio (DPR) is currently 39.02%.

Fidelity D&D Bancorp Company Profile

Fidelity D&D Bancorp, Inc is a holding company, which engages in the provision of commercial banking services. It operates through the following segments: Commercial and Industrial, Commercial Real Estate, Consumer, and Residential Real Estate. The Commercial and Industrial segment refers to identified historic and/or the projected cash flows of the borrower and secondarily to the underlying collateral provided by the borrower.