Fidelity D & D Bancorp, Inc. Declares Quarterly Dividend of $0.38 (NASDAQ:FDBC)

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC - Get Free Report) declared a quarterly dividend on Wednesday, April 17th, Zacks reports. Investors of record on Monday, May 20th will be paid a dividend of 0.38 per share by the financial services provider on Monday, June 10th. This represents a $1.52 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Friday, May 17th.

Fidelity D & D Bancorp has increased its dividend payment by an average of 8.6% per year over the last three years and has increased its dividend annually for the last 9 consecutive years.

Fidelity D & D Bancorp Stock Up 2.7 %

FDBC stock traded up $1.25 during mid-day trading on Friday, hitting $46.98. 3,966 shares of the company were exchanged, compared to its average volume of 5,707. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.78 and a current ratio of 0.78. Fidelity D & D Bancorp has a 1-year low of $35.51 and a 1-year high of $60.85. The firm's 50 day simple moving average is $47.77 and its 200 day simple moving average is $49.72. The firm has a market cap of $272.77 million, a P/E ratio of 14.73 and a beta of 0.64.

Fidelity D & D Bancorp (NASDAQ:FDBC - Get Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter. The company had revenue of $12.96 million during the quarter. Fidelity D & D Bancorp had a net margin of 17.30% and a return on equity of 13.16%.

Insider Buying and Selling at Fidelity D & D Bancorp

In related news, COO Eugene J. Walsh sold 545 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $49.47, for a total transaction of $26,961.15. Following the completion of the transaction, the chief operating officer now directly owns 13,735 shares in the company, valued at $679,470.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Fidelity D & D Bancorp news, Chairman Brian J. Cali purchased 1,250 shares of the business's stock in a transaction on Tuesday, February 20th. The shares were purchased at an average cost of $46.96 per share, with a total value of $58,700.00. Following the transaction, the chairman now directly owns 390,709 shares of the company's stock, valued at approximately $18,347,694.64. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Eugene J. Walsh sold 545 shares of the firm's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $49.47, for a total value of $26,961.15. Following the completion of the transaction, the chief operating officer now owns 13,735 shares of the company's stock, valued at approximately $679,470.45. The disclosure for this sale can be found here. Insiders have sold 1,486 shares of company stock valued at $73,067 in the last 90 days. 21.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of Fidelity D & D Bancorp by 969.7% during the 2nd quarter. BlackRock Inc. now owns 243,358 shares of the financial services provider's stock worth $11,825,000 after purchasing an additional 220,607 shares in the last quarter. Millennium Management LLC raised its position in Fidelity D & D Bancorp by 1,001.9% during the second quarter. Millennium Management LLC now owns 69,650 shares of the financial services provider's stock worth $2,835,000 after acquiring an additional 63,329 shares in the last quarter. Geode Capital Management LLC lifted its stake in Fidelity D & D Bancorp by 112.0% in the second quarter. Geode Capital Management LLC now owns 88,762 shares of the financial services provider's stock valued at $4,313,000 after acquiring an additional 46,895 shares during the last quarter. Creative Planning bought a new position in shares of Fidelity D & D Bancorp in the 3rd quarter valued at about $1,840,000. Finally, State Street Corp raised its holdings in shares of Fidelity D & D Bancorp by 283.5% in the 2nd quarter. State Street Corp now owns 52,920 shares of the financial services provider's stock valued at $2,571,000 after purchasing an additional 39,122 shares during the period. 20.05% of the stock is owned by institutional investors and hedge funds.

Fidelity D & D Bancorp Company Profile

Fidelity D & D Bancorp, Inc operates as the bank holding company for The Fidelity Deposit and Discount Bank that provides a range of banking, trust, and financial services to individuals, small businesses, and corporate customers. The company accepts savings, club, interest-bearing and non-interest-bearing checking, money market, and short- and long-term time deposits, as well as certificates of deposit.