Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) Announces $0.38 Quarterly Dividend

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) announced a quarterly dividend on Wednesday, April 17th, Zacks reports. Investors of record on Monday, May 20th will be paid a dividend of 0.38 per share by the financial services provider on Monday, June 10th. This represents a $1.52 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Friday, May 17th.

Fidelity D & D Bancorp has increased its dividend payment by an average of 8.6% annually over the last three years and has raised its dividend annually for the last 9 consecutive years.

Fidelity D & D Bancorp Stock Up 1.2 %

FDBC stock opened at $45.73 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.05. Fidelity D & D Bancorp has a twelve month low of $35.51 and a twelve month high of $60.85. The company’s 50 day moving average is $47.77 and its two-hundred day moving average is $49.70. The stock has a market cap of $265.69 million, a P/E ratio of 14.34 and a beta of 0.64.

Fidelity D & D Bancorp (NASDAQ:FDBC) last released its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.97 earnings per share for the quarter. Fidelity D & D Bancorp had a net margin of 17.30% and a return on equity of 13.16%. The company had revenue of $12.96 million for the quarter.

Insiders Place Their Bets

In related news, Chairman Brian J. Cali acquired 1,250 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were bought at an average price of $46.96 per share, with a total value of $58,700.00. Following the completion of the acquisition, the chairman now owns 390,709 shares in the company, valued at $18,347,694.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Fidelity D & D Bancorp news, Chairman Brian J. Cali bought 1,250 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were acquired at an average cost of $46.96 per share, with a total value of $58,700.00. Following the acquisition, the chairman now directly owns 390,709 shares of the company’s stock, valued at approximately $18,347,694.64. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Eugene J. Walsh sold 545 shares of Fidelity D & D Bancorp stock in a transaction on Friday, February 16th. The shares were sold at an average price of $49.47, for a total transaction of $26,961.15. Following the completion of the transaction, the chief operating officer now directly owns 13,735 shares in the company, valued at $679,470.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,486 shares of company stock valued at $73,067. 21.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fidelity D & D Bancorp

A number of institutional investors have recently modified their holdings of FDBC. Charles Schwab Investment Management Inc. increased its holdings in shares of Fidelity D & D Bancorp by 14.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,652 shares of the financial services provider’s stock valued at $542,000 after acquiring an additional 1,453 shares during the period. State Street Corp increased its holdings in shares of Fidelity D & D Bancorp by 1.7% in the 1st quarter. State Street Corp now owns 70,252 shares of the financial services provider’s stock valued at $3,262,000 after acquiring an additional 1,200 shares during the period. BNP Paribas Arbitrage SA grew its position in Fidelity D & D Bancorp by 180.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,884 shares of the financial services provider’s stock valued at $77,000 after buying an additional 1,212 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Fidelity D & D Bancorp in the 2nd quarter valued at $508,000. Finally, Millennium Management LLC grew its position in Fidelity D & D Bancorp by 1,001.9% in the 2nd quarter. Millennium Management LLC now owns 69,650 shares of the financial services provider’s stock valued at $2,835,000 after buying an additional 63,329 shares during 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 operates as the bank holding company for The Fidelity Deposit and Discount Bank that provides a range of banking, trust, and financial services to individuals, small businesses, and corporate customers. The company accepts savings, club, interest-bearing and non-interest-bearing checking, money market, and short- and long-term time deposits, as well as certificates of deposit.