Fifth District Bancorp (NASDAQ:FDSB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Fifth District Bancorp (NASDAQ:FDSB) to a hold rating in a research note released on Saturday.

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

Fifth District Bancorp Price Performance

NASDAQ:FDSB opened at $14.68 on Friday. The firm has a market capitalization of $81.03 million, a price-to-earnings ratio of 20.11 and a beta of 0.52. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a fifty day moving average of $13.61 and a 200 day moving average of $13.34. Fifth District Bancorp has a 52-week low of $11.35 and a 52-week high of $15.64.

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

Fifth District Bancorp announced that its board has authorized a share buyback program on Monday, August 25th that permits the company to buyback $550,000.00 in outstanding shares. This buyback authorization permits the company to purchase up to 0.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Fourthstone LLC acquired a new stake in shares of Fifth District Bancorp in the 2nd quarter worth $1,128,000. Arcus Capital Partners LLC increased its position in Fifth District Bancorp by 9.5% during the 2nd quarter. Arcus Capital Partners LLC now owns 13,304 shares of the company’s stock worth $164,000 after purchasing an additional 1,149 shares during the period. Alliancebernstein L.P. raised its stake in shares of Fifth District Bancorp by 56.0% during 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 in the last quarter. Susquehanna International Group LLP lifted its holdings in shares of Fifth District Bancorp by 28.2% in the 3rd quarter. Susquehanna International Group LLP now owns 13,149 shares of the company’s stock valued at $182,000 after buying an additional 2,894 shares during the period. Finally, Mangrove Partners IM LLC boosted its stake in shares of Fifth District Bancorp by 2.1% in the third quarter. Mangrove Partners IM LLC now owns 142,330 shares of the company’s stock valued at $1,968,000 after buying an additional 2,925 shares in the last quarter.

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.