Fifth District Bancorp (NASDAQ:FDSB) Issues Earnings Results

Fifth District Bancorp (NASDAQ:FDSB) released its quarterly earnings data on Tuesday. The company reported $0.08 EPS for the quarter, FiscalAI reports. Fifth District Bancorp had a net margin of 15.43% and a return on equity of 3.15%. The firm had revenue of $3.78 million during the quarter.

Fifth District Bancorp Price Performance

Shares of NASDAQ FDSB opened at $15.10 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.05. The company has a market cap of $79.88 million, a price-to-earnings ratio of 18.64 and a beta of 0.32. Fifth District Bancorp has a 12 month low of $11.70 and a 12 month high of $15.64. The stock has a 50-day moving average price of $14.90 and a two-hundred day moving average price of $14.55.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Fifth District Bancorp in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Fifth District Bancorp currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FDSB. Renaissance Technologies LLC increased its position in Fifth District Bancorp by 427.7% during the 4th quarter. Renaissance Technologies LLC now owns 63,321 shares of the company’s stock valued at $950,000 after purchasing an additional 51,321 shares during the period. Alliancebernstein L.P. increased its position in Fifth District Bancorp by 56.0% during the 3rd quarter. Alliancebernstein L.P. now owns 133,954 shares of the company’s stock valued at $1,853,000 after purchasing an additional 48,103 shares during the period. Marshall Wace LLP acquired a new stake in Fifth District Bancorp during the 4th quarter valued at approximately $151,000. Arcus Capital Partners LLC increased its position in Fifth District Bancorp by 42.0% during the 3rd quarter. Arcus Capital Partners LLC now owns 18,897 shares of the company’s stock valued at $261,000 after purchasing an additional 5,593 shares during the period. Finally, Mangrove Partners IM LLC increased its position in Fifth District Bancorp by 2.1% during the 3rd quarter. Mangrove Partners IM LLC now owns 142,330 shares of the company’s stock valued at $1,968,000 after purchasing an additional 2,925 shares during the period.

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.