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

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $44.79 and traded as high as $45.84. Fidelity D&D Bancorp shares last traded at $45.73, with a volume of 10,958 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity D&D Bancorp in a report on Tuesday, April 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Fidelity D&D Bancorp currently has a consensus rating of “Hold”.

Fidelity D&D Bancorp Price Performance

The firm’s fifty day simple moving average is $44.79 and its 200 day simple moving average is $44.77. The firm has a market cap of $265.46 million, a P/E ratio of 8.93 and a beta of 0.85. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.83 and a current ratio of 0.83.

Fidelity D&D Bancorp (NASDAQ:FDBC) last released its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.28 EPS for the quarter. The business had revenue of $19.41 million during the quarter. Fidelity D&D Bancorp had a net margin of 20.78% and a return on equity of 12.75%.

Fidelity D&D Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.8%. Fidelity D&D Bancorp’s dividend payout ratio (DPR) is presently 33.59%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Lewis Asset Management LLC lifted its holdings 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 acquiring an additional 353 shares during the last quarter. Royal Bank of Canada lifted 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 acquiring an additional 393 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Fidelity D&D Bancorp by 7.5% in the 3rd quarter. Bank of America Corp DE now owns 6,827 shares of the financial services provider’s stock valued at $299,000 after acquiring an additional 475 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Fidelity D&D Bancorp by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 114,262 shares of the financial services provider’s stock valued at $4,975,000 after acquiring an additional 508 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings 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 acquiring an additional 523 shares during the last quarter. 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 & 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.