Fifth District Bancorp (NASDAQ:FDSB) Trading Up 0.5% – Here’s What Happened

Fifth District Bancorp, Inc. (NASDAQ:FDSB) shares were up 0.5% on Wednesday . The stock traded as high as $14.00 and last traded at $13.99. Approximately 46,282 shares changed hands during trading, an increase of 135% from the average daily volume of 19,680 shares. The stock had previously closed at $13.92.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Fifth District Bancorp in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Fifth District Bancorp currently has an average rating of “Sell”.

Fifth District Bancorp Stock Performance

The firm has a market capitalization of $77.27 million, a PE ratio of 19.16 and a beta of 0.52. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $13.47 and a 200 day moving average of $13.17.

Fifth District Bancorp (NASDAQ:FDSB) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.07 earnings per share (EPS) for the quarter. Fifth District Bancorp had a return on equity of 2.88% and a net margin of 14.27%.The firm had revenue of $3.57 million during the quarter.

Fifth District Bancorp announced that its board has authorized a stock buyback plan on Monday, August 25th that authorizes the company to buyback $550,000.00 in outstanding shares. This buyback authorization authorizes the company to buy up to 0.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Arcus Capital Partners LLC raised its position in Fifth District Bancorp by 9.5% during the second quarter. Arcus Capital Partners LLC now owns 13,304 shares of the company’s stock valued at $164,000 after purchasing an additional 1,149 shares in the last quarter. Susquehanna International Group LLP increased its position in shares of Fifth District Bancorp by 28.2% during the 3rd quarter. Susquehanna International Group LLP now owns 13,149 shares of the company’s stock valued at $182,000 after purchasing an additional 2,894 shares during the last quarter. TruWealth Advisors LLC bought a new position in shares of Fifth District Bancorp during the 3rd quarter valued at about $484,000. Fourthstone LLC purchased a new position in shares of Fifth District Bancorp during the 2nd quarter valued at about $1,128,000. Finally, Alliancebernstein L.P. lifted its position in Fifth District Bancorp by 56.0% in the 3rd quarter. Alliancebernstein L.P. now owns 133,954 shares of the company’s stock worth $1,853,000 after buying an additional 48,103 shares during the last quarter.

About Fifth District Bancorp

Fifth District Bancorp, Inc is the holding company for Fifth District Savings Bank which provide all banking services. Fifth District Bancorp, Inc is based in NEW ORLEANS.