Fidelity D&D Bancorp (NASDAQ:FDBC) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $54.03 and traded as high as $56.00. Fidelity D&D Bancorp shares last traded at $54.84, with a volume of 9,893 shares.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Fidelity D&D Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 18th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Fidelity D&D Bancorp Trading Down 1.4%

The firm has a market cap of $315.43 million, a PE ratio of 10.34 and a beta of 0.83. The company has a 50-day simple moving average of $54.10 and a 200 day simple moving average of $49.50. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.02.

Fidelity D&D Bancorp (NASDAQ:FDBC) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $1.33 earnings per share (EPS) for the quarter. The business had revenue of $20.76 million for the quarter. Fidelity D&D Bancorp had a net margin of 21.12% and a return on equity of 12.67%.

Fidelity D&D Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Friday, August 14th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, August 14th. Fidelity D&D Bancorp’s dividend payout ratio is presently 32.76%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in shares of Fidelity D&D Bancorp by 6.9% in the first quarter. Bank of America Corp DE now owns 9,596 shares of the financial services provider’s stock worth $415,000 after acquiring an additional 617 shares during the last quarter. Fidelity D & D Bancorp Inc. raised its position in shares of Fidelity D&D Bancorp by 1.0% in the first quarter. Fidelity D & D Bancorp Inc. now owns 99,269 shares of the financial services provider’s stock valued at $4,296,000 after buying an additional 965 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Fidelity D&D Bancorp in the second quarter worth about $104,000. Dimensional Fund Advisors LP lifted its stake in shares of Fidelity D&D Bancorp by 17.1% in the first quarter. Dimensional Fund Advisors LP now owns 19,335 shares of the financial services provider’s stock worth $837,000 after buying an additional 2,820 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in Fidelity D&D Bancorp by 41.7% during the 1st quarter. Hsbc Holdings PLC now owns 11,581 shares of the financial services provider’s stock valued at $505,000 after acquiring an additional 3,407 shares in the last quarter. Hedge funds and other institutional investors own 20.05% of the company’s stock.

About Fidelity D&D Bancorp

Fidelity D&D Bancorp, Inc is the bank holding company for Fidelity Deposit and Discount Bank, a community banking institution headquartered in northeastern Pennsylvania. The bank provides financial services to individuals, families, businesses and nonprofit organizations through its branch network and digital banking channels.

Its products and services include checking and savings accounts, certificates of deposit, consumer and residential mortgage loans, commercial real estate and business lending, home equity financing, online and mobile banking, treasury management and other deposit services.