Fifth District Bancorp (NASDAQ:FDSB) Shares Up 1.1% – Time to Buy?

Fifth District Bancorp, Inc. (NASDAQ:FDSB)’s share price shot up 1.1% on Thursday . The stock traded as high as $17.45 and last traded at $17.18. 3,222 shares changed hands during trading, a decline of 45% from the average session volume of 5,830 shares. The stock had previously closed at $17.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Fifth District Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Fifth District Bancorp Stock Up 0.3%

The firm has a fifty day moving average price of $16.09 and a 200 day moving average price of $15.36. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.04. The company has a market cap of $90.77 million, a P/E ratio of 19.82 and a beta of 0.23.

Fifth District Bancorp (NASDAQ:FDSB) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $3.78 million during the quarter. Fifth District Bancorp had a return on equity of 3.37% and a net margin of 16.35%.

Insiders Place Their Bets

In other Fifth District Bancorp news, Director Linda A. Sins sold 2,692 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $15.02, for a total value of $40,433.84. Following the completion of the transaction, the director directly owned 4,700 shares of the company’s stock, valued at approximately $70,594. The trade was a 36.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 8.60% of the company’s stock.

Institutional Trading of Fifth District Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. lifted its holdings in Fifth District Bancorp by 56.0% during the 3rd quarter. Alliancebernstein L.P. now owns 133,954 shares of the company’s stock worth $1,853,000 after buying an additional 48,103 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Fifth District Bancorp by 427.7% in the 4th quarter. Renaissance Technologies LLC now owns 63,321 shares of the company’s stock valued at $950,000 after buying an additional 51,321 shares during the period. Susquehanna International Group LLP increased its stake in shares of Fifth District Bancorp by 28.2% in the 3rd quarter. Susquehanna International Group LLP now owns 13,149 shares of the company’s stock valued at $182,000 after buying an additional 2,894 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Fifth District Bancorp during the fourth quarter worth $151,000.

Fifth District Bancorp Company Profile

Fifth District Bancorp is a bank holding company headquartered in Vienna, Virginia. Through its principal subsidiary, Fifth District Bank, the company offers a full suite of commercial and retail banking services designed to meet the needs of individuals, small businesses and middle-market enterprises. Operating under a national bank charter, Fifth District Bancorp focuses on relationship-driven service, providing its clients with personalized financial solutions and responsive customer support.

The bank’s core business activities include deposit-taking, commercial and industrial lending, mortgage banking, and wealth management.