Fidelity D&D Bancorp (NASDAQ:FDBC) Releases Earnings Results

Fidelity D&D Bancorp (NASDAQ:FDBC) issued its earnings results on Wednesday. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $19.41 million for the quarter. Fidelity D&D Bancorp had a return on equity of 12.56% and a net margin of 20.08%.

Fidelity D&D Bancorp Stock Performance

Shares of FDBC stock opened at $45.59 on Thursday. Fidelity D&D Bancorp has a 1-year low of $37.57 and a 1-year high of $50.00. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $268.02 million, a price-to-earnings ratio of 9.36 and a beta of 0.83. The stock’s fifty day simple moving average is $44.52 and its 200-day simple moving average is $44.47.

Fidelity D&D Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be issued a dividend of $0.43 per share. The ex-dividend date is Wednesday, May 20th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.8%. Fidelity D&D Bancorp’s payout ratio is currently 35.32%.

Insider Buying and Selling at Fidelity D&D Bancorp

In other Fidelity D&D Bancorp news, Vice Chairman Michael J. Mcdonald purchased 10,414 shares of the stock in a transaction dated Thursday, February 5th. The shares were acquired at an average price of $48.01 per share, for a total transaction of $499,976.14. Following the completion of the acquisition, the insider owned 181,228 shares of the company’s stock, valued at $8,700,756.28. This represents a 6.10% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 20.69% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co purchased a new position in Fidelity D&D Bancorp in the fourth quarter valued at about $25,000. Royal Bank of Canada grew its stake in Fidelity D&D Bancorp by 154.7% in the fourth quarter. Royal Bank of Canada now owns 647 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 393 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Fidelity D&D Bancorp by 148.9% in the third quarter. BNP Paribas Financial Markets now owns 1,185 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 709 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Fidelity D&D Bancorp in the second quarter valued at about $56,000. Finally, Tower Research Capital LLC TRC grew its stake in Fidelity D&D Bancorp by 430.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,251 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 1,015 shares in the last quarter. Hedge funds and other institutional investors own 20.05% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Fidelity D&D Bancorp in a report on Tuesday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Fidelity D&D Bancorp Company Profile

Fidelity D&D Bancorp, Inc is the bank holding company for Fidelity Deposit & Discount Bank, a New York–chartered community bank headquartered in Melville, New York. Through its banking subsidiary, the company offers a broad range of deposit and lending products designed to meet the needs of individuals, small businesses and commercial clients throughout Long Island’s Nassau and Suffolk counties.

On the deposit side, Fidelity Deposit & Discount Bank provides traditional checking and savings accounts, money market accounts and certificates of deposit.