Fidelity D&D Bancorp (NASDAQ:FDBC) Stock Rating Upgraded by ValuEngine

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ValuEngine upgraded shares of Fidelity D&D Bancorp (NASDAQ:FDBC) from a sell rating to a hold rating in a research report sent to investors on Friday, ValuEngine reports.

Separately, BidaskClub downgraded Fidelity D&D Bancorp from a hold rating to a sell rating in a research report on Tuesday, November 19th.

FDBC stock opened at $65.04 on Friday. The company has a market cap of $247.99 million, a P/E ratio of 21.36 and a beta of 0.34. Fidelity D&D Bancorp has a twelve month low of $53.25 and a twelve month high of $70.00. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average of $66.20 and a 200-day moving average of $63.10.

Fidelity D&D Bancorp (NASDAQ:FDBC) last released its earnings results on Wednesday, October 23rd. The financial services provider reported $0.80 earnings per share for the quarter. The company had revenue of $10.63 million during the quarter. Fidelity D&D Bancorp had a return on equity of 11.78% and a net margin of 25.29%.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Tuesday, November 19th. This is an increase from Fidelity D&D Bancorp’s previous quarterly dividend of $0.26.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its holdings in Fidelity D&D Bancorp by 253.2% in the second quarter. Tower Research Capital LLC TRC now owns 883 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 633 shares during the last quarter. Riggs Asset Managment Co. Inc. bought a new stake in Fidelity D&D Bancorp in the second quarter valued at about $60,000. Rhumbline Advisers increased its holdings in Fidelity D&D Bancorp by 4.8% in the third quarter. Rhumbline Advisers now owns 4,195 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 191 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Fidelity D&D Bancorp by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 22,037 shares of the financial services provider’s stock valued at $1,481,000 after purchasing an additional 1,499 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Fidelity D&D Bancorp by 3.3% in the second quarter. Northern Trust Corp now owns 27,570 shares of the financial services provider’s stock valued at $1,853,000 after purchasing an additional 868 shares during the last quarter. Institutional investors and hedge funds own 13.26% of the company’s stock.

About Fidelity D&D Bancorp

Fidelity D & D Bancorp, Inc operates as the holding company for The Fidelity Deposit and Discount Bank, a state chartered commercial bank that provides a range of banking, financial, and trust services to individuals, small businesses, and corporate customers primarily in Lackawanna and Luzerne counties in Pennsylvania.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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