Fidelity D&D Bancorp (NASDAQ:FDBC) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $46.46 and traded as high as $49.52. Fidelity D&D Bancorp shares last traded at $48.60, with a volume of 10,392 shares trading hands.

Analyst Upgrades and Downgrades

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

Fidelity D&D Bancorp Stock Performance

The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $282.37 million, a P/E ratio of 9.49 and a beta of 0.85. The business has a fifty day moving average price of $46.46 and a 200-day moving average price of $45.36.

Fidelity D&D Bancorp (NASDAQ:FDBC) last released its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.28 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 during the quarter.

Fidelity D&D Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were paid a $0.43 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.5%. Fidelity D&D Bancorp’s payout ratio is currently 33.59%.

Institutional Investors Weigh In On Fidelity D&D Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lewis Asset Management LLC grew its position in Fidelity D&D Bancorp by 4.7% in the 4th quarter. Lewis Asset Management LLC now owns 7,812 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 353 shares during the period. Royal Bank of Canada lifted its holdings in shares of Fidelity D&D Bancorp by 154.7% during the 4th quarter. Royal Bank of Canada now owns 647 shares of the financial services provider’s stock valued at $28,000 after buying an additional 393 shares during the period. Bank of America Corp DE boosted its stake in shares of Fidelity D&D Bancorp by 7.5% in the 3rd quarter. Bank of America Corp DE now owns 6,827 shares of the financial services provider’s stock worth $299,000 after buying an additional 475 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Fidelity D&D Bancorp by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 114,262 shares of the financial services provider’s stock worth $4,975,000 after acquiring an additional 508 shares during the period. Finally, Jane Street Group LLC increased its position in Fidelity D&D Bancorp by 8.4% during the second quarter. Jane Street Group LLC now owns 6,758 shares of the financial services provider’s stock valued at $311,000 after acquiring an additional 523 shares during the last quarter. Hedge funds and other 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.