Insider Buying: Fidelity D&D Bancorp (NASDAQ:FDBC) Vice Chairman Purchases 10,414 Shares of Stock

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) Vice Chairman Michael Mcdonald acquired 10,414 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were bought at an average cost of $48.01 per share, with a total value of $499,976.14. Following the completion of the acquisition, the insider owned 181,228 shares of the company’s stock, valued at approximately $8,700,756.28. This trade represents a 6.10% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Fidelity D&D Bancorp Price Performance

Fidelity D&D Bancorp stock traded up $0.16 during trading hours on Monday, hitting $47.48. 5,560 shares of the stock were exchanged, compared to its average volume of 7,663. The stock has a market capitalization of $273.96 million, a P/E ratio of 9.75 and a beta of 0.91. The business’s 50-day moving average is $44.89 and its two-hundred day moving average is $44.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.82 and a current ratio of 0.82. Fidelity D&D Bancorp Inc. has a 12 month low of $37.00 and a 12 month high of $50.00.

Fidelity D&D Bancorp (NASDAQ:FDBC) last announced its earnings results on Wednesday, January 28th. The financial services provider reported $1.37 EPS for the quarter. The business had revenue of $25.57 million for the quarter. Fidelity D&D Bancorp had a return on equity of 12.84% and a net margin of 20.08%.

Fidelity D&D Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 13th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, February 13th. Fidelity D&D Bancorp’s dividend payout ratio is currently 35.32%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Fidelity D&D Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lewis Asset Management LLC increased its stake in shares of Fidelity D&D Bancorp by 4.7% in the 4th quarter. Lewis Asset Management LLC now owns 7,812 shares of the financial services provider’s stock valued at $340,000 after purchasing an additional 353 shares during the last quarter. Bank of America Corp DE grew its stake in Fidelity D&D Bancorp by 7.5% during the third quarter. Bank of America Corp DE now owns 6,827 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 475 shares during the period. Jane Street Group LLC grew its stake in shares of Fidelity D&D Bancorp by 8.4% in the 2nd quarter. Jane Street Group LLC now owns 6,758 shares of the financial services provider’s stock valued at $311,000 after buying an additional 523 shares during the period. CWM LLC grew its position in Fidelity D&D Bancorp by 43.9% in the 3rd quarter. CWM LLC now owns 2,054 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 627 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in 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 acquiring an additional 709 shares in the last quarter. 20.05% of the stock is owned by institutional investors and hedge funds.

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.