Fifth District Bancorp (NASDAQ:FDSB) Stock Rating Upgraded by Wall Street Zen

Fifth District Bancorp (NASDAQ:FDSB) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fifth District Bancorp in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Fifth District Bancorp Price Performance

FDSB stock opened at $14.66 on Friday. The company’s 50-day moving average price is $13.59 and its two-hundred day moving average price is $13.31. The firm has a market cap of $80.92 million, a P/E ratio of 20.08 and a beta of 0.52. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.05. Fifth District Bancorp has a 12 month low of $11.35 and a 12 month high of $15.64.

Fifth District Bancorp (NASDAQ:FDSB) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.07 earnings per share for the quarter. The company had revenue of $3.57 million during the quarter. Fifth District Bancorp had a net margin of 14.27% and a return on equity of 2.88%.

Fifth District Bancorp announced that its board has authorized a share repurchase program on Monday, August 25th that authorizes the company to buyback $550,000.00 in outstanding shares. This buyback authorization authorizes the company to buy up to 0.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Fourthstone LLC acquired a new stake in shares of Fifth District Bancorp during the 2nd quarter valued at $1,128,000. Alliancebernstein L.P. boosted its stake in shares of Fifth District Bancorp by 56.0% during the third quarter. Alliancebernstein L.P. now owns 133,954 shares of the company’s stock valued at $1,853,000 after purchasing an additional 48,103 shares in the last quarter. TruWealth Advisors LLC acquired a new stake in shares of Fifth District Bancorp during the third quarter valued at about $484,000. Arcus Capital Partners LLC grew its holdings in shares of Fifth District Bancorp by 42.0% during the third quarter. Arcus Capital Partners LLC now owns 18,897 shares of the company’s stock worth $261,000 after purchasing an additional 5,593 shares during the last quarter. Finally, Mangrove Partners IM LLC increased its stake in shares of Fifth District Bancorp by 2.1% in the third quarter. Mangrove Partners IM LLC now owns 142,330 shares of the company’s stock valued at $1,968,000 after buying an additional 2,925 shares during the period.

About Fifth District Bancorp

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.