Fidelity D&D Bancorp (NASDAQ:FDBC) Shares Up 0.3% - Time to Buy?

Key Points

• Fidelity D&D Bancorp shares rose 0.3% to $67.25 in Friday mid-day trading, while trading volume was 31% below its average.
• Weiss Ratings upgraded the stock from “buy (b-)” to “buy (b),” and the sole analyst covering it rates it a Buy.
• The company reported quarterly earnings of $1.53 per share on $27.94 million in revenue and raised its quarterly dividend from $0.43 to $0.46 per share, a 2.7% yield.

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC - Get Free Report)'s stock price was up 0.3% during mid-day trading on Friday. The company traded as high as $67.78 and last traded at $67.25. 10,871 shares were traded during mid-day trading, a decline of 31% from the average session volume of 15,747 shares. The stock had previously closed at $67.06.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Fidelity D&D Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, Fidelity D&D Bancorp has a consensus rating of "Buy".

Fidelity D&D Bancorp Trading Up 0.3%

The company has a market cap of $390.72 million, a price-to-earnings ratio of 12.21 and a beta of 0.81. 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 company's 50-day moving average is $59.41 and its 200 day moving average is $50.90.

Fidelity D&D Bancorp (NASDAQ:FDBC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $1.53 earnings per share for the quarter. Fidelity D&D Bancorp had a net margin of 21.69% and a return on equity of 13.08%. The business had revenue of $27.94 million during the quarter.

Fidelity D&D Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Saturday, November 14th will be given a dividend of $0.46 per share. This is a boost from Fidelity D&D Bancorp's previous quarterly dividend of $0.43. The ex-dividend date is Friday, November 13th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.7%. Fidelity D&D Bancorp's payout ratio is 31.22%.

Hedge Funds Weigh In On Fidelity D&D Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its position in shares of Fidelity D&D Bancorp by 6.9% in the first quarter. Bank of America Corp DE now owns 9,596 shares of the financial services provider's stock valued at $415,000 after buying an additional 617 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Fidelity D&D Bancorp during the 2nd quarter worth approximately $104,000. Dimensional Fund Advisors LP raised its stake in shares of Fidelity D&D Bancorp by 17.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 19,335 shares of the financial services provider's stock worth $837,000 after buying an additional 2,820 shares during the period. Hsbc Holdings PLC raised its stake in shares of Fidelity D&D Bancorp by 41.7% during the 1st quarter. Hsbc Holdings PLC now owns 11,581 shares of the financial services provider's stock worth $505,000 after buying an additional 3,407 shares during the period. Finally, Deutsche Bank AG purchased a new position in shares of Fidelity D&D Bancorp during the 2nd quarter valued at approximately $238,000. Hedge funds and other institutional investors own 20.05% of the company's stock.

Fidelity D&D Bancorp Company Profile

Fidelity D&D Bancorp, Inc. is the former bank holding company for Fidelity Deposit and Discount Bank, a community bank headquartered in Dunmore, Pennsylvania. The bank traced its roots to the early 1900s and served individuals, families and businesses in northeastern Pennsylvania. Its services included checking and savings accounts, certificates of deposit, online and mobile banking, and consumer and business lending. The bank also offered mortgage and home equity financing, along with wealth management and trust services.

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