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

Fidelity D&D Bancorp (NASDAQ:FDBC) released its quarterly earnings data on Wednesday. The financial services provider reported $1.28 EPS for the quarter, Zacks reports. Fidelity D&D Bancorp had a net margin of 20.78% and a return on equity of 12.97%. The firm had revenue of $19.41 million during the quarter.

Fidelity D&D Bancorp Price Performance

Fidelity D&D Bancorp stock traded down $0.90 during trading hours on Friday, hitting $45.24. 192 shares of the company traded hands, compared to its average volume of 6,910. The firm has a market cap of $265.99 million, a P/E ratio of 8.94 and a beta of 0.83. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03. The firm’s 50-day simple moving average is $44.52 and its two-hundred day simple moving average is $44.48. Fidelity D&D Bancorp has a 1-year low of $37.57 and a 1-year high of $50.00.

Fidelity D&D Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Wednesday, May 20th. Fidelity D&D Bancorp’s dividend payout ratio is currently 35.32%.

Insider Buying and Selling

In related news, Vice Chairman Michael J. Mcdonald bought 10,414 shares of the stock in a transaction on Thursday, February 5th. The shares were purchased at an average price of $48.01 per share, with a total value of $499,976.14. Following the purchase, the insider owned 181,228 shares in the company, valued at approximately $8,700,756.28. This represents a 6.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 20.69% of the company’s stock.

Hedge Funds Weigh In On Fidelity D&D Bancorp

Several large investors have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV increased its stake in Fidelity D&D Bancorp by 14.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,131 shares of the financial services provider’s stock valued at $397,000 after buying an additional 1,132 shares during the period. Quadrature Capital Ltd acquired a new position in Fidelity D&D Bancorp during the 4th quarter valued at about $223,000. AQR Capital Management LLC increased its stake in Fidelity D&D Bancorp by 34.2% during the 4th quarter. AQR Capital Management LLC now owns 14,600 shares of the financial services provider’s stock valued at $636,000 after buying an additional 3,721 shares during the period. Royal Bank of Canada increased its stake in Fidelity D&D Bancorp by 154.7% during the 4th quarter. Royal Bank of Canada now owns 647 shares of the financial services provider’s stock valued at $28,000 after buying an additional 393 shares during the period. Finally, Jacobi Capital Management LLC increased its stake in Fidelity D&D Bancorp by 14.4% during the 4th quarter. Jacobi Capital Management LLC now owns 9,224 shares of the financial services provider’s stock valued at $402,000 after buying an additional 1,158 shares during the period. Institutional investors and hedge funds own 20.05% of the company’s stock.

Analysts Set New Price Targets

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

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.