Fidelity D&D Bancorp (NASDAQ:FDBC) Vice Chairman Michael Mcdonald Acquires 10,414 Shares of Stock

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) Vice Chairman Michael Mcdonald acquired 10,414 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were acquired at an average cost of $48.01 per share, for a total transaction of $499,976.14. Following the completion of the transaction, the insider directly owned 181,228 shares of the company’s stock, valued at $8,700,756.28. The trade was a 6.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Fidelity D&D Bancorp Price Performance

FDBC opened at $47.48 on Tuesday. The company’s 50-day simple moving average is $44.98 and its two-hundred day simple moving average is $44.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $273.96 million, a P/E ratio of 9.75 and a beta of 0.91. Fidelity D&D Bancorp Inc. has a 52-week low of $37.00 and a 52-week high of $50.00.

Fidelity D&D Bancorp (NASDAQ:FDBC) last released its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $1.37 earnings per share for the quarter. Fidelity D&D Bancorp had a net margin of 20.08% and a return on equity of 12.84%. The firm had revenue of $25.57 million during the quarter.

Fidelity D&D Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Friday, February 13th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, February 13th. Fidelity D&D Bancorp’s dividend payout ratio (DPR) is 35.32%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity D&D Bancorp in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Institutional Trading of Fidelity D&D Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in Fidelity D&D Bancorp by 21.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,925 shares of the financial services provider’s stock worth $216,000 after acquiring an additional 870 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Fidelity D&D Bancorp by 430.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,251 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 1,015 shares during the period. Curi Capital LLC purchased a new stake in shares of Fidelity D&D Bancorp in the second quarter worth $201,000. Bank of America Corp DE raised its position in shares of Fidelity D&D Bancorp by 25.6% during the 2nd quarter. Bank of America Corp DE now owns 6,352 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 1,296 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of Fidelity D&D Bancorp by 8.4% during the 2nd quarter. Jane Street Group LLC now owns 6,758 shares of the financial services provider’s stock valued at $311,000 after buying an additional 523 shares in the last quarter. 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 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.