Fifth District Bancorp (NASDAQ:FDSB) Share Price Crosses Above 50 Day Moving Average After Insider Selling

Fifth District Bancorp, Inc. (NASDAQ:FDSB) shares crossed above its 50-day moving average during trading on Friday after an insider bought additional shares in the company. The stock has a 50-day moving average of $17.68 and traded as high as $17.73. Fifth District Bancorp shares last traded at $17.7040, with a volume of 2,249 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Fifth District Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Fifth District Bancorp Trading Up 0.9%

The stock has a market cap of $92.06 million, a PE ratio of 52.07 and a beta of 0.24. The stock has a 50-day moving average price of $17.68 and a two-hundred day moving average price of $16.36. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.06 and a quick ratio of 1.06.

Fifth District Bancorp (NASDAQ:FDSB) last posted its earnings results on Tuesday, November 10th. The company reported $0.07 EPS for the quarter. Fifth District Bancorp had a return on equity of 1.27% and a net margin of 6.83%. The company had revenue of $4.00 million for the quarter.

Institutional Trading of Fifth District Bancorp

Large investors have recently added to or reduced their stakes in the company. Waverly Advisors LLC bought a new position in shares of Fifth District Bancorp during the 2nd quarter valued at approximately $856,000. BlackRock Inc. bought a new stake in Fifth District Bancorp in the second quarter worth $519,000. Finally, Beacon Pointe Advisors LLC bought a new stake in Fifth District Bancorp in the second quarter worth $162,000.

Fifth District Bancorp Company Profile

Fifth District Bancorp, Inc. is the holding company for Fifth District Savings Bank, a community bank based in New Orleans, Louisiana. The bank traces its roots to 1926 and serves customers in the Greater New Orleans area. Fifth District Savings Bank offers deposit services, including checking, savings and certificate accounts, along with residential mortgage, commercial real estate, business and consumer lending. Its community banking model focuses on individuals, families and local businesses.