Fidelity D&D Bancorp (NASDAQ:FDBC) Announces Quarterly Earnings Results

Fidelity D&D Bancorp (NASDAQ:FDBC) issued its quarterly earnings results on Wednesday. The financial services provider reported $1.33 earnings per share for the quarter, Zacks reports. Fidelity D&D Bancorp had a return on equity of 12.75% and a net margin of 20.78%.

Fidelity D&D Bancorp Price Performance

Shares of Fidelity D&D Bancorp stock opened at $50.37 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.83 and a current ratio of 0.83. The firm’s 50-day simple moving average is $49.03 and its 200-day simple moving average is $46.20. Fidelity D&D Bancorp has a twelve month low of $39.00 and a twelve month high of $53.51. The firm has a market cap of $292.65 million, a P/E ratio of 9.92 and a beta of 0.83.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. CANADA LIFE ASSURANCE Co acquired a new stake in shares of Fidelity D&D Bancorp during the 4th quarter worth approximately $25,000. Royal Bank of Canada grew its holdings in shares of Fidelity D&D Bancorp by 154.7% in the 4th quarter. Royal Bank of Canada now owns 647 shares of the financial services provider’s stock valued at $28,000 after buying an additional 393 shares during the period. BNP Paribas Financial Markets increased its position in shares of Fidelity D&D Bancorp by 148.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,185 shares of the financial services provider’s stock valued at $52,000 after buying an additional 709 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Fidelity D&D Bancorp during the 2nd quarter worth $56,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Fidelity D&D Bancorp by 430.1% in the 2nd 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 during the period. Institutional investors and hedge funds own 20.05% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity D&D Bancorp in a research report on Friday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

About Fidelity D&D Bancorp

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.