Fifth District Bancorp (NASDAQ:FDSB) Shares Up 0.6% – Time to Buy?

Shares of Fifth District Bancorp, Inc. (NASDAQ:FDSB) traded up 0.6% on Friday . The stock traded as high as $18.49 and last traded at $18.36. 14,111 shares changed hands during mid-day trading, an increase of 111% from the average session volume of 6,688 shares. The stock had previously closed at $18.25.

Wall Street Analyst Weigh In

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

Fifth District Bancorp Stock Performance

The firm has a market cap of $96.21 million, a price-to-earnings ratio of 54.00 and a beta of 0.20. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average of $16.92 and a 200 day moving average of $15.66.

Fifth District Bancorp (NASDAQ:FDSB) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.08 earnings per share (EPS) for the quarter. Fifth District Bancorp had a return on equity of 1.27% and a net margin of 6.97%.The company had revenue of $3.96 million for the quarter.

Insider Activity

In related news, Director Linda A. Sins sold 2,692 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $15.02, for a total value of $40,433.84. Following the sale, the director directly owned 4,700 shares of the company’s stock, valued at $70,594. This represents a 36.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On Fifth District Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of FDSB. Marshall Wace LLP acquired a new position in Fifth District Bancorp in the fourth quarter worth about $151,000. Susquehanna International Group LLP raised its stake in Fifth District Bancorp by 28.2% during the third 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 in the last quarter. BlackRock Inc. bought a new position in Fifth District Bancorp during the 2nd quarter worth approximately $519,000. Renaissance Technologies LLC lifted its holdings in Fifth District Bancorp by 427.7% during the 4th quarter. Renaissance Technologies LLC now owns 63,321 shares of the company’s stock worth $950,000 after buying an additional 51,321 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Fifth District Bancorp by 56.0% in the 3rd quarter. Alliancebernstein L.P. now owns 133,954 shares of the company’s stock worth $1,853,000 after acquiring an additional 48,103 shares in the last quarter.

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.