Fifth District Bancorp (NASDAQ:FDSB) Posts Quarterly Earnings Results

Fifth District Bancorp (NASDAQ:FDSB) released its earnings results on Monday. The company reported $0.07 EPS for the quarter, Zacks reports. Fifth District Bancorp had a return on equity of 2.01% and a net margin of 10.10%.The company had revenue of $3.57 million during the quarter.

Fifth District Bancorp Stock Down 0.1%

Shares of Fifth District Bancorp stock opened at $13.16 on Tuesday. The company has a 50-day simple moving average of $13.62 and a two-hundred day simple moving average of $13.05. The stock has a market capitalization of $73.14 million, a PE ratio of 25.79 and a beta of 0.53. Fifth District Bancorp has a 52-week low of $11.35 and a 52-week high of $15.64. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.03 and a current ratio of 1.03.

Fifth District Bancorp declared that its Board of Directors has initiated a stock repurchase program on Monday, August 25th that permits the company to repurchase $550,000.00 in shares. This repurchase authorization permits the company to purchase up to 0.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fifth District Bancorp in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Fifth District Bancorp Company Profile

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.