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

Fidelity D&D Bancorp (NASDAQ:FDBC) released its quarterly earnings results on Wednesday. The financial services provider reported $1.37 EPS for the quarter, Zacks reports. The business had revenue of $25.57 million for the quarter. Fidelity D&D Bancorp had a return on equity of 12.10% and a net margin of 19.03%.

Fidelity D&D Bancorp Stock Down 2.2%

NASDAQ:FDBC opened at $42.73 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $246.55 million, a price-to-earnings ratio of 9.47 and a beta of 0.95. Fidelity D&D Bancorp has a one year low of $37.00 and a one year high of $50.00. The stock has a 50-day simple moving average of $44.50 and a 200 day simple moving average of $43.89.

Fidelity D&D Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 13th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, February 13th. Fidelity D&D Bancorp’s dividend payout ratio (DPR) is 38.14%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Fidelity D&D Bancorp in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat, Fidelity D&D Bancorp has a consensus rating of “Hold”.

Insider Buying and Selling

In other news, Chairman Brian J. Cali acquired 1,951 shares of Fidelity D&D Bancorp stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average cost of $44.50 per share, for a total transaction of $86,819.50. Following the completion of the purchase, the chairman directly owned 417,771 shares of the company’s stock, valued at $18,590,809.50. This trade represents a 0.47% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Daniel J. Santaniello bought 1,000 shares of the stock in a transaction on Monday, November 10th. The shares were acquired at an average price of $44.50 per share, with a total value of $44,500.00. Following the purchase, the chief executive officer owned 60,411 shares of the company’s stock, valued at $2,688,289.50. The trade was a 1.68% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 18.37% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. BNP Paribas Financial Markets grew its position in shares of Fidelity D&D Bancorp by 148.9% during 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 during the last quarter. Raymond James Financial Inc. acquired a new position in Fidelity D&D Bancorp in the second quarter valued at approximately $56,000. Tower Research Capital LLC TRC grew its holdings in shares of Fidelity D&D Bancorp by 430.1% during 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 during the last quarter. Curi Capital LLC acquired a new stake in shares of Fidelity D&D Bancorp during the 2nd quarter worth approximately $201,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Fidelity D&D Bancorp by 21.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,925 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 870 shares during the last quarter. 20.05% of the stock is currently owned by institutional investors.

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.