Short Interest in Fifth District Bancorp, Inc. (NASDAQ:FDSB) Rises By 51.4%

Key Points

• Short interest jumped by 51.4% to 6,934 shares as of March 13, giving a days-to-cover ratio of about 1.0 and representing roughly 0.1% of shares outstanding.
• Institutional activity picked up, with Renaissance Technologies boosting its stake by 427.7% to 63,321 shares (~$950,000) and other firms (Marshall Wace, Susquehanna, Arcus, TruWealth) also adding or increasing positions.
• The stock has an average MarketBeat rating of “Sell”; it recently traded at $14.87 (up 0.5%), has a market cap of $78.66M and a P/E of 18.36, and reported quarterly EPS of $0.11 with a 15.43% net margin.

Fifth District Bancorp, Inc. (NASDAQ:FDSB - Get Free Report) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 6,934 shares, a growth of 51.4% from the February 26th total of 4,581 shares. Based on an average trading volume of 7,021 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new position in shares of Fifth District Bancorp in the 4th quarter valued at approximately $151,000. Susquehanna International Group LLP grew its position in Fifth District Bancorp by 28.2% in the third quarter. Susquehanna International Group LLP now owns 13,149 shares of the company's stock valued at $182,000 after purchasing an additional 2,894 shares in the last quarter. Arcus Capital Partners LLC grew its holdings in shares of Fifth District Bancorp by 42.0% in the 3rd quarter. Arcus Capital Partners LLC now owns 18,897 shares of the company's stock valued at $261,000 after acquiring an additional 5,593 shares in the last quarter. TruWealth Advisors LLC bought a new position in Fifth District Bancorp in the third quarter valued at approximately $484,000. Finally, Renaissance Technologies LLC increased its holdings in Fifth District Bancorp by 427.7% during the fourth quarter. Renaissance Technologies LLC now owns 63,321 shares of the company's stock worth $950,000 after buying an additional 51,321 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FDSB. Wall Street Zen raised shares of Fifth District Bancorp to a "hold" rating in a research report on Saturday, December 20th. Weiss Ratings reissued a "sell (d)" rating on shares of Fifth District Bancorp in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of "Sell".

Fifth District Bancorp Trading Up 0.5%

Fifth District Bancorp stock traded up $0.07 during trading hours on Friday, reaching $14.87. 3,142 shares of the company's stock traded hands, compared to its average volume of 6,856. Fifth District Bancorp has a fifty-two week low of $11.35 and a fifty-two week high of $15.64. The firm has a market capitalization of $78.66 million, a price-to-earnings ratio of 18.36 and a beta of 0.47. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.05 and a current ratio of 1.05. The firm's 50 day moving average is $14.96 and its 200-day moving average is $14.28.

Fifth District Bancorp (NASDAQ:FDSB - Get Free Report) last released its earnings results on Tuesday, March 24th. The company reported $0.11 EPS for the quarter. Fifth District Bancorp had a net margin of 15.43% and a return on equity of 3.15%. The firm had revenue of $3.65 million during the quarter.

Fifth District Bancorp Company Profile

Fifth District Bancorp is a bank holding company headquartered in Vienna, Virginia. Through its principal subsidiary, Fifth District Bank, the company offers a full suite of commercial and retail banking services designed to meet the needs of individuals, small businesses and middle-market enterprises. Operating under a national bank charter, Fifth District Bancorp focuses on relationship-driven service, providing its clients with personalized financial solutions and responsive customer support.

The bank's core business activities include deposit-taking, commercial and industrial lending, mortgage banking, and wealth management.

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