Fidelity D&D Bancorp (NASDAQ:FDBC) Stock Passes Below 200-Day Moving Average – Should You Sell?

Shares of Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $44.07 and traded as low as $43.76. Fidelity D&D Bancorp shares last traded at $44.00, with a volume of 6,211 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity D&D Bancorp in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Fidelity D&D Bancorp Stock Performance

The stock has a fifty day moving average of $44.49 and a 200-day moving average of $44.07. The firm has a market capitalization of $253.88 million, a P/E ratio of 9.76 and a beta of 0.95. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03.

Fidelity D&D Bancorp (NASDAQ:FDBC) last released its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $1.27 earnings per share for the quarter. The firm had revenue of $23.53 million during the quarter. Fidelity D&D Bancorp had a return on equity of 12.10% and a net margin of 19.03%.

Fidelity D&D Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a dividend of $0.43 per share. The ex-dividend date was Friday, November 14th. This is a positive change from Fidelity D&D Bancorp’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a yield of 3.9%. Fidelity D&D Bancorp’s dividend payout ratio is currently 38.14%.

Insider Buying and Selling at Fidelity D&D Bancorp

In other Fidelity D&D Bancorp news, CEO Daniel J. Santaniello purchased 1,000 shares of the stock in a transaction on Monday, November 10th. The shares were purchased at an average cost of $44.50 per share, for a total transaction of $44,500.00. Following the purchase, the chief executive officer owned 60,411 shares of the company’s stock, valued at approximately $2,688,289.50. This represents a 1.68% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Brian J. Cali acquired 1,951 shares of Fidelity D&D Bancorp stock in a transaction dated Monday, November 10th. The shares were acquired at an average price of $44.50 per share, with a total value of $86,819.50. Following the completion of the purchase, the chairman owned 417,771 shares in the company, valued at approximately $18,590,809.50. The trade was a 0.47% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 21.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FDBC. Siena Capital Partners GP LLC acquired a new position in shares of Fidelity D&D Bancorp during the 3rd quarter worth about $39,000. BNP Paribas Financial Markets grew its holdings in Fidelity D&D Bancorp by 148.9% during the third quarter. BNP Paribas Financial Markets now owns 1,185 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 709 shares during the period. Raymond James Financial Inc. bought a new position in Fidelity D&D Bancorp during the second quarter worth about $56,000. Tower Research Capital LLC TRC increased its position in Fidelity D&D Bancorp by 430.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,251 shares of the financial services provider’s stock worth $58,000 after buying an additional 1,015 shares during the last quarter. Finally, CWM LLC raised its stake in Fidelity D&D Bancorp by 43.9% in the third quarter. CWM LLC now owns 2,054 shares of the financial services provider’s stock valued at $90,000 after buying an additional 627 shares during the period. Institutional investors own 20.05% of the company’s stock.

About Fidelity D&D Bancorp

Fidelity D&D Bancorp, Inc is the bank holding company for Fidelity Deposit & Discount Bank, a New York–chartered community bank headquartered in Melville, New York. Through its banking subsidiary, the company offers a broad range of deposit and lending products designed to meet the needs of individuals, small businesses and commercial clients throughout Long Island’s Nassau and Suffolk counties.

On the deposit side, Fidelity Deposit & Discount Bank provides traditional checking and savings accounts, money market accounts and certificates of deposit.