Fidelity D&D Bancorp (NASDAQ:FDBC) Shares Break Above Fifty Day Moving Average - Here's Why

Key Points

• Fidelity D&D Bancorp shares rose above their 50-day moving average of $54.03, reaching $56.00 before last trading at $54.84 on volume of 9,893 shares.
• The company reported quarterly EPS of $1.33 on $20.76 million in revenue, with a 21.12% net margin and 12.67% return on equity. Its consensus analyst rating remains “Buy,” although Weiss Ratings lowered its rating slightly from “buy (b)” to “buy (b-).”
• Fidelity D&D Bancorp declared a quarterly dividend of $0.43, equivalent to $1.72 annually and a 3.1% yield. Institutional ownership stands at 20.05%, with several major investors—including BlackRock—recently establishing or increasing positions.

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC - Get Free Report)'s share price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $54.03 and traded as high as $56.00. Fidelity D&D Bancorp shares last traded at $54.84, with a volume of 9,893 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Fidelity D&D Bancorp from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, September 18th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Fidelity D&D Bancorp currently has a consensus rating of "Buy".

Fidelity D&D Bancorp Price Performance

The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $318.62 million, a PE ratio of 10.45 and a beta of 0.83. The firm's fifty day simple moving average is $54.03 and its 200-day simple moving average is $49.41.

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

Fidelity D&D Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Friday, August 14th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, August 14th. Fidelity D&D Bancorp's payout ratio is presently 32.76%.

Institutional Trading of Fidelity D&D Bancorp

Several institutional investors have recently added to or reduced their stakes in FDBC. Bank of New York Mellon Corp bought a new position in shares of Fidelity D&D Bancorp during the second quarter valued at $1,563,000. Hsbc Holdings PLC bought a new stake in Fidelity D&D Bancorp in the 2nd quarter worth about $999,000. BlackRock Inc. bought a new stake in Fidelity D&D Bancorp in the 2nd quarter worth about $17,740,000. Siena Capital Partners GP LLC increased its holdings in Fidelity D&D Bancorp by 2,289.6% in the 4th quarter. Siena Capital Partners GP LLC now owns 21,363 shares of the financial services provider's stock worth $930,000 after buying an additional 20,469 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in Fidelity D&D Bancorp in the 2nd quarter worth about $104,000. 20.05% of the stock is currently owned by hedge funds and other institutional investors.

About Fidelity D&D Bancorp

Fidelity D&D Bancorp, Inc is the bank holding company for Fidelity Deposit and Discount Bank, a community banking institution headquartered in northeastern Pennsylvania. The bank provides financial services to individuals, families, businesses and nonprofit organizations through its branch network and digital banking channels.

Its products and services include checking and savings accounts, certificates of deposit, consumer and residential mortgage loans, commercial real estate and business lending, home equity financing, online and mobile banking, treasury management and other deposit services.

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