Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) Short Interest Up 8.3% in August

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 54,900 shares, an increase of 8.3% from the August 15th total of 50,700 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average trading volume of 9,600 shares, the days-to-cover ratio is currently 5.7 days.

Insider Buying and Selling

In other Fidelity D & D Bancorp news, Director Alan Silverman sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $51.50, for a total value of $103,000.00. Following the transaction, the director now directly owns 19,049 shares of the company’s stock, valued at $981,023.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Fidelity D & D Bancorp news, CEO Daniel J. Santaniello sold 759 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $52.90, for a total value of $40,151.10. Following the transaction, the chief executive officer now directly owns 55,382 shares of the company’s stock, valued at $2,929,707.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alan Silverman sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $51.50, for a total value of $103,000.00. Following the completion of the transaction, the director now directly owns 19,049 shares in the company, valued at $981,023.50. The disclosure for this sale can be found here. Insiders have sold a total of 3,000 shares of company stock valued at $156,047 over the last ninety days. 21.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fidelity D & D Bancorp

Institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC raised its position in shares of Fidelity D & D Bancorp by 59.2% during the second quarter. Commonwealth Equity Services LLC now owns 31,035 shares of the financial services provider’s stock worth $1,359,000 after purchasing an additional 11,540 shares during the period. Vanguard Group Inc. grew its holdings in Fidelity D & D Bancorp by 1.9% during the first quarter. Vanguard Group Inc. now owns 227,459 shares of the financial services provider’s stock worth $11,016,000 after buying an additional 4,163 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Fidelity D & D Bancorp by 67.0% during the first quarter. BNP Paribas Financial Markets now owns 2,305 shares of the financial services provider’s stock worth $112,000 after buying an additional 925 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Fidelity D & D Bancorp by 10.2% during the second quarter. Renaissance Technologies LLC now owns 9,700 shares of the financial services provider’s stock worth $425,000 after buying an additional 900 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Fidelity D & D Bancorp by 3.6% during the second quarter. Rhumbline Advisers now owns 7,465 shares of the financial services provider’s stock worth $327,000 after buying an additional 259 shares in the last quarter. 20.05% of the stock is owned by institutional investors and hedge funds.

Fidelity D & D Bancorp Price Performance

Shares of FDBC opened at $53.81 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.79 and a current ratio of 0.79. Fidelity D & D Bancorp has a 52-week low of $41.10 and a 52-week high of $60.85. The business’s 50 day moving average price is $50.33 and its two-hundred day moving average price is $47.66. The firm has a market cap of $308.65 million, a PE ratio of 19.01 and a beta of 0.60.

Fidelity D & D Bancorp (NASDAQ:FDBC) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $0.86 earnings per share for the quarter. Fidelity D & D Bancorp had a return on equity of 11.27% and a net margin of 14.14%. The company had revenue of $19.73 million for the quarter.

Fidelity D & D Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Tuesday, August 20th. Fidelity D & D Bancorp’s payout ratio is 53.71%.

About Fidelity D & D Bancorp

Fidelity D & D Bancorp, Inc operates as the bank holding company for The Fidelity Deposit and Discount Bank that provides a range of banking, trust, and financial services to individuals, small businesses, and corporate customers. The company accepts savings, club, interest-bearing and non-interest-bearing checking, money market, and short- and long-term time deposits, as well as certificates of deposit.