Fidelity D&D Bancorp (NASDAQ:FDBC) Shares Pass Above 50 Day Moving Average – What’s Next?

Shares of Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $45.12 and traded as high as $46.50. Fidelity D&D Bancorp shares last traded at $45.62, with a volume of 10,522 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity D&D Bancorp in a report on Tuesday, April 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Fidelity D&D Bancorp Stock Up 1.2%

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.83 and a quick ratio of 0.83. The firm’s 50 day moving average price is $45.27 and its two-hundred day moving average price is $44.88. The firm has a market cap of $276.27 million, a price-to-earnings ratio of 9.29 and a beta of 0.85.

Fidelity D&D Bancorp (NASDAQ:FDBC) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.28 earnings per share (EPS) for the quarter. The firm had revenue of $19.41 million for the quarter. Fidelity D&D Bancorp had a return on equity of 12.75% and a net margin of 20.78%.

Fidelity D&D Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.6%. Fidelity D&D Bancorp’s payout ratio is presently 33.59%.

Hedge Funds Weigh In On Fidelity D&D Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Lewis Asset Management LLC lifted its stake in shares of Fidelity D&D Bancorp by 4.7% in the fourth quarter. Lewis Asset Management LLC now owns 7,812 shares of the financial services provider’s stock valued at $340,000 after purchasing an additional 353 shares during the period. Royal Bank of Canada grew its position in Fidelity D&D Bancorp by 154.7% during the fourth quarter. Royal Bank of Canada now owns 647 shares of the financial services provider’s stock worth $28,000 after buying an additional 393 shares during the period. Bank of America Corp DE increased its holdings in Fidelity D&D Bancorp by 7.5% in the third quarter. Bank of America Corp DE now owns 6,827 shares of the financial services provider’s stock valued at $299,000 after buying an additional 475 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Fidelity D&D Bancorp by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 114,262 shares of the financial services provider’s stock valued at $4,975,000 after acquiring an additional 508 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of Fidelity D&D Bancorp by 8.4% during the 2nd quarter. Jane Street Group LLC now owns 6,758 shares of the financial services provider’s stock valued at $311,000 after acquiring an additional 523 shares during the period. 20.05% of the stock is currently owned by hedge funds and other institutional investors.

About Fidelity D&D Bancorp

Fidelity D&D Bancorp, Inc is the bank holding company for Fidelity Deposit & Discount Bank, a New York–chartered community bank headquartered in Melville, New York. Through its banking subsidiary, the company offers a broad range of deposit and lending products designed to meet the needs of individuals, small businesses and commercial clients throughout Long Island’s Nassau and Suffolk counties.

On the deposit side, Fidelity Deposit & Discount Bank provides traditional checking and savings accounts, money market accounts and certificates of deposit.