Short Interest in Fifth District Bancorp, Inc. (NASDAQ:FDSB) Rises By 59.5%

Fifth District Bancorp, Inc. (NASDAQ:FDSB) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 14,278 shares, an increase of 59.5% from the May 14th total of 8,950 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 6,426 shares, the short-interest ratio is currently 2.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Fifth District Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Fifth District Bancorp Trading Up 0.1%

Shares of NASDAQ FDSB traded up $0.02 during mid-day trading on Wednesday, hitting $16.02. The company’s stock had a trading volume of 2,947 shares, compared to its average volume of 9,077. Fifth District Bancorp has a one year low of $11.94 and a one year high of $16.13. The company’s fifty day simple moving average is $15.12 and its 200-day simple moving average is $14.90. The stock has a market cap of $84.36 million, a price-to-earnings ratio of 18.56 and a beta of 0.28. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.05 and a quick ratio of 1.05.

Fifth District Bancorp (NASDAQ:FDSB) last released its earnings results on Tuesday, May 12th. The company reported $0.08 earnings per share for the quarter. Fifth District Bancorp had a net margin of 16.35% and a return on equity of 3.37%. The business had revenue of $3.78 million during the quarter.

Insiders Place Their Bets

In other Fifth District Bancorp news, Director Linda A. Sins sold 2,692 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $15.02, for a total transaction of $40,433.84. Following the transaction, the director owned 4,700 shares of the company’s stock, valued at $70,594. This trade represents a 36.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Fifth District Bancorp

Several large investors have recently made changes to their positions in the company. Marshall Wace LLP bought a new stake in shares of Fifth District Bancorp during the fourth quarter worth about $151,000. Susquehanna International Group LLP increased its holdings in Fifth District Bancorp by 28.2% in the third quarter. Susquehanna International Group LLP now owns 13,149 shares of the company’s stock valued at $182,000 after purchasing an additional 2,894 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Fifth District Bancorp by 427.7% in the fourth quarter. Renaissance Technologies LLC now owns 63,321 shares of the company’s stock worth $950,000 after acquiring an additional 51,321 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Fifth District Bancorp by 56.0% in the third quarter. Alliancebernstein L.P. now owns 133,954 shares of the company’s stock worth $1,853,000 after acquiring an additional 48,103 shares during the period. Finally, Mangrove Partners IM LLC lifted its stake in shares of Fifth District Bancorp by 2.1% in the third quarter. Mangrove Partners IM LLC now owns 142,330 shares of the company’s stock worth $1,968,000 after acquiring an additional 2,925 shares during the period.

About Fifth District Bancorp

Fifth District Bancorp is a bank holding company headquartered in Vienna, Virginia. Through its principal subsidiary, Fifth District Bank, the company offers a full suite of commercial and retail banking services designed to meet the needs of individuals, small businesses and middle-market enterprises. Operating under a national bank charter, Fifth District Bancorp focuses on relationship-driven service, providing its clients with personalized financial solutions and responsive customer support.

The bank’s core business activities include deposit-taking, commercial and industrial lending, mortgage banking, and wealth management.