Fifth District Bancorp (NASDAQ:FDSB) Trading 1.1% Higher – Here’s Why

Fifth District Bancorp, Inc. (NASDAQ:FDSB)’s share price rose 1.1% during trading on Thursday . The stock traded as high as $17.45 and last traded at $17.18. 3,222 shares changed hands during trading, a decline of 45% from the average daily volume of 5,830 shares. The stock had previously closed at $17.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Fifth District Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Fifth District Bancorp Trading Up 1.1%

The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04. The company’s fifty day moving average is $16.04 and its 200-day moving average is $15.34. The firm has a market capitalization of $90.37 million, a P/E ratio of 19.75 and a beta of 0.23.

Fifth District Bancorp (NASDAQ:FDSB) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.08 EPS for the quarter. The business had revenue of $3.78 million for the quarter. Fifth District Bancorp had a return on equity of 3.37% and a net margin of 16.35%.

Insider Activity at Fifth District Bancorp

In other news, Director Linda A. Sins sold 2,692 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $15.02, for a total value of $40,433.84. Following the completion of the transaction, the director owned 4,700 shares in the company, valued at approximately $70,594. This represents a 36.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On Fifth District Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the company. Alliancebernstein L.P. boosted its position in Fifth District Bancorp by 56.0% in the third quarter. Alliancebernstein L.P. now owns 133,954 shares of the company’s stock valued at $1,853,000 after buying an additional 48,103 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Fifth District Bancorp by 427.7% during the fourth quarter. Renaissance Technologies LLC now owns 63,321 shares of the company’s stock worth $950,000 after buying an additional 51,321 shares in the last quarter. Susquehanna International Group LLP increased its holdings in shares of Fifth District Bancorp by 28.2% during the third quarter. Susquehanna International Group LLP now owns 13,149 shares of the company’s stock worth $182,000 after buying an additional 2,894 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Fifth District Bancorp during the fourth quarter worth approximately $151,000.

About Fifth District Bancorp

Fifth District Bancorp is a bank holding company headquartered in Vienna, Virginia. Through its principal subsidiary, Fifth District Bank, the company offers a full suite of commercial and retail banking services designed to meet the needs of individuals, small businesses and middle-market enterprises. Operating under a national bank charter, Fifth District Bancorp focuses on relationship-driven service, providing its clients with personalized financial solutions and responsive customer support.

The bank’s core business activities include deposit-taking, commercial and industrial lending, mortgage banking, and wealth management.