Fidelity D&D Bancorp (NASDAQ:FDBC) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $45.12 and traded as high as $46.50. Fidelity D&D Bancorp shares last traded at $45.62, with a volume of 10,522 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity D&D Bancorp in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Fidelity D&D Bancorp Stock Down 2.6%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a fifty day simple moving average of $45.12 and a 200-day simple moving average of $44.85. The company has a market capitalization of $265.05 million, a PE ratio of 8.91 and a beta of 0.85.

Fidelity D&D Bancorp (NASDAQ:FDBC) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.28 earnings per share (EPS) for the quarter. Fidelity D&D Bancorp had a return on equity of 12.75% and a net margin of 20.78%.The company had revenue of $19.41 million for the quarter.

Fidelity D&D Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Wednesday, May 20th. Fidelity D&D Bancorp’s payout ratio is 33.59%.

Institutional Investors Weigh In On Fidelity D&D Bancorp

A number of institutional investors have recently made changes to their positions in FDBC. Jane Street Group LLC bought a new stake in shares of Fidelity D&D Bancorp in the 1st quarter valued at approximately $259,000. Geode Capital Management LLC increased its holdings in shares of Fidelity D&D Bancorp by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 114,165 shares of the financial services provider’s stock valued at $5,253,000 after acquiring an additional 1,945 shares during the last quarter. Quantinno Capital Management LP bought a new stake in shares of Fidelity D&D Bancorp in the 2nd quarter valued at approximately $679,000. Raymond James Financial Inc. bought a new stake in shares of Fidelity D&D Bancorp in the 2nd quarter valued at approximately $56,000. Finally, Bank of America Corp DE boosted its position in 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. 20.05% of the stock is currently owned by institutional investors.

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.