Fifth District Bancorp, Inc. (NASDAQ:FDSB) Short Interest Update

Fifth District Bancorp, Inc. (NASDAQ:FDSB) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 4,581 shares, a drop of 33.8% from the February 12th total of 6,916 shares. Based on an average trading volume of 8,405 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 8,405 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fifth District Bancorp in a research note on Thursday, January 22nd. Wall Street Zen upgraded Fifth District Bancorp to a “hold” rating in a report on Saturday, December 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Fifth District Bancorp Trading Down 0.6%

Shares of NASDAQ FDSB traded down $0.09 during mid-day trading on Friday, hitting $14.77. 2,141 shares of the company traded hands, compared to its average volume of 7,665. Fifth District Bancorp has a 1 year low of $11.35 and a 1 year high of $15.64. The stock has a market capitalization of $81.53 million, a price-to-earnings ratio of 20.36 and a beta of 0.47. 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 business has a 50 day moving average of $14.99 and a two-hundred day moving average of $14.22.

Institutional Trading of Fifth District Bancorp

A number of hedge funds have recently bought and sold shares of FDSB. Fourthstone LLC acquired a new position in shares of Fifth District Bancorp in the second quarter worth about $1,128,000. TruWealth Advisors LLC acquired a new stake in shares of Fifth District Bancorp during the third quarter valued at approximately $484,000. Arcus Capital Partners LLC raised its holdings in shares of Fifth District Bancorp by 42.0% during the third quarter. Arcus Capital Partners LLC now owns 18,897 shares of the company’s stock valued at $261,000 after acquiring an additional 5,593 shares during the period. Mangrove Partners IM LLC lifted its position in shares of Fifth District Bancorp by 2.1% in the 3rd quarter. Mangrove Partners IM LLC now owns 142,330 shares of the company’s stock valued at $1,968,000 after acquiring an additional 2,925 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Fifth District Bancorp by 56.0% in the 3rd quarter. Alliancebernstein L.P. now owns 133,954 shares of the company’s stock valued at $1,853,000 after acquiring an additional 48,103 shares in the last quarter.

Fifth District Bancorp Company Profile

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.