Fidelity D & D Bancorp (NASDAQ:FDBC) Stock Price Up 1% – Still a Buy?

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) rose 1% on Friday . The stock traded as high as $53.66 and last traded at $53.66. Approximately 2,315 shares traded hands during trading, a decline of 69% from the average daily volume of 7,481 shares. The stock had previously closed at $53.13.

Fidelity D & D Bancorp Stock Up 1.0 %

The business has a 50-day simple moving average of $52.60 and a 200-day simple moving average of $49.69. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $308.01 million, a price-to-earnings ratio of 20.02 and a beta of 0.58.

Fidelity D & D Bancorp (NASDAQ:FDBC) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.86 earnings per share for the quarter. The business had revenue of $32.28 million for the quarter. Fidelity D & D Bancorp had a net margin of 13.30% and a return on equity of 10.48%. During the same quarter in the previous year, the business posted $0.93 earnings per share.

Fidelity D & D Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a $0.40 dividend. This is a positive change from Fidelity D & D Bancorp’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 2.98%. The ex-dividend date is Friday, November 15th. Fidelity D & D Bancorp’s dividend payout ratio is currently 59.70%.

Insiders Place Their Bets

In related news, Director Alan Silverman sold 2,000 shares of Fidelity D & D Bancorp stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $51.50, for a total transaction of $103,000.00. Following the sale, the director now directly owns 19,049 shares in the company, valued at $981,023.50. This trade represents a 9.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel J. Santaniello sold 500 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $53.00, for a total transaction of $26,500.00. Following the completion of the sale, the chief executive officer now directly owns 54,882 shares of the company’s stock, valued at approximately $2,908,746. This trade represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its stake in Fidelity D & D Bancorp by 3.6% in the second quarter. Rhumbline Advisers now owns 7,465 shares of the financial services provider’s stock valued at $327,000 after buying an additional 259 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Fidelity D & D Bancorp by 10.2% in the 2nd quarter. Renaissance Technologies LLC now owns 9,700 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 900 shares during the period. CWM LLC raised its position in Fidelity D & D Bancorp by 12,140.0% in the 3rd quarter. CWM LLC now owns 1,224 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 1,214 shares during the last quarter. FMR LLC boosted its stake in Fidelity D & D Bancorp by 849.2% during the 3rd quarter. FMR LLC now owns 1,680 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 1,503 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Fidelity D & D Bancorp by 6.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 32,501 shares of the financial services provider’s stock worth $1,424,000 after purchasing an additional 1,830 shares during the period. Hedge funds and other 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.