Insider Selling: Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) CEO Sells 241 Shares of Stock

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) CEO Daniel J. Santaniello sold 241 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $53.51, for a total transaction of $12,895.91. Following the transaction, the chief executive officer now directly owns 56,141 shares of the company’s stock, valued at approximately $3,004,104.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Fidelity D & D Bancorp Price Performance

FDBC stock opened at $51.90 on Thursday. The company has a fifty day moving average price of $47.04 and a 200-day moving average price of $47.51. The company has a market capitalization of $297.91 million, a P/E ratio of 18.34 and a beta of 0.63. Fidelity D & D Bancorp, Inc. has a 52-week low of $41.10 and a 52-week high of $60.85. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.78 and a current ratio of 0.78.

Fidelity D & D Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Tuesday, August 20th. Fidelity D & D Bancorp’s payout ratio is currently 53.71%.

Hedge Funds Weigh In On Fidelity D & D Bancorp

Several large investors have recently modified their holdings of FDBC. Commonwealth Equity Services LLC raised its stake in shares of Fidelity D & D Bancorp by 59.2% during the second quarter. Commonwealth Equity Services LLC now owns 31,035 shares of the financial services provider’s stock valued at $1,359,000 after acquiring an additional 11,540 shares during the last quarter. Lewis Asset Management LLC acquired a new stake in shares of Fidelity D & D Bancorp during the fourth quarter worth $591,000. Vanguard Group Inc. increased its position in shares of Fidelity D & D Bancorp by 1.9% during the first quarter. Vanguard Group Inc. now owns 227,459 shares of the financial services provider’s stock worth $11,016,000 after buying an additional 4,163 shares during the period. Vicus Capital acquired a new stake in shares of Fidelity D & D Bancorp during the fourth quarter worth $232,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Fidelity D & D Bancorp during the fourth quarter worth $149,000. Institutional investors own 20.05% of the company’s stock.

Fidelity D & D Bancorp Company Profile

Fidelity D & D Bancorp, Inc operates as the bank holding company for The Fidelity Deposit and Discount Bank that provides a range of banking, trust, and financial services to individuals, small businesses, and corporate customers. The company accepts savings, club, interest-bearing and non-interest-bearing checking, money market, and short- and long-term time deposits, as well as certificates of deposit.