Short Interest in Fifth District Bancorp, Inc. (NASDAQ:FDSB) Rises By 39.1%

Fifth District Bancorp, Inc. (NASDAQ:FDSB) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 8,900 shares, an increase of 39.1% from the September 30th total of 6,400 shares. Based on an average trading volume of 8,400 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 8,400 shares, the days-to-cover ratio is currently 1.1 days.

Fifth District Bancorp Trading Down 0.1%

Shares of NASDAQ:FDSB traded down $0.01 during mid-day trading on Monday, reaching $13.33. 17,967 shares of the company were exchanged, compared to its average volume of 9,390. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $74.11 million, a price-to-earnings ratio of 26.14 and a beta of 0.56. The firm’s 50-day simple moving average is $13.69 and its 200 day simple moving average is $12.99. Fifth District Bancorp has a 1 year low of $11.32 and a 1 year high of $15.64.

Fifth District Bancorp (NASDAQ:FDSB) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $0.61 earnings per share for the quarter. The firm had revenue of $6.87 million during the quarter. Fifth District Bancorp had a net margin of 10.10% and a return on equity of 2.01%.

Fifth District Bancorp declared that its board has authorized a share buyback program on Monday, August 25th that authorizes the company to buyback $550,000.00 in shares. This buyback authorization authorizes the company to buy up to 0.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Fifth District Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FDSB. Arcus Capital Partners LLC purchased a new stake in shares of Fifth District Bancorp during the 1st quarter worth $148,000. TruWealth Advisors LLC acquired a new position in Fifth District Bancorp in the third quarter valued at $484,000. Finally, Fourthstone LLC acquired a new position in Fifth District Bancorp in the second quarter valued at $1,128,000.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Fifth District Bancorp in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

About Fifth District Bancorp

Fifth District Bancorp, Inc is the holding company for Fifth District Savings Bank which provide all banking services. Fifth District Bancorp, Inc is based in NEW ORLEANS.