Fidelity D&D Bancorp (NASDAQ:FDBC) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $47.20 and traded as high as $51.69. Fidelity D&D Bancorp shares last traded at $51.42, with a volume of 9,539 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity D&D Bancorp in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Fidelity D&D Bancorp currently has a consensus rating of “Hold”.

Fidelity D&D Bancorp Stock Performance

The stock has a 50-day simple moving average of $47.20 and a 200-day simple moving average of $45.66. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market cap of $298.75 million, a PE ratio of 10.04 and a beta of 0.85.

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. The company had revenue of $19.41 million for the quarter. Fidelity D&D Bancorp had a return on equity of 12.75% and a net margin of 20.78%.

Fidelity D&D Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, May 20th. Fidelity D&D Bancorp’s dividend payout ratio is 33.59%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co purchased a new position in shares of Fidelity D&D Bancorp in the 4th quarter valued at $25,000. Royal Bank of Canada boosted its position in 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 worth $28,000 after purchasing an additional 393 shares during the period. BNP Paribas Financial Markets boosted its position in Fidelity D&D Bancorp by 148.9% during the 3rd 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. purchased a new stake in Fidelity D&D Bancorp during the 2nd quarter worth $56,000. Finally, Tower Research Capital LLC TRC increased its holdings in Fidelity D&D Bancorp by 430.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,251 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 1,015 shares in the last quarter. 20.05% of the stock is owned by institutional investors and hedge funds.

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.