Fidelity D&D Bancorp (NASDAQ:FDBC) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $44.79 and traded as high as $45.84. Fidelity D&D Bancorp shares last traded at $45.73, with a volume of 10,958 shares traded.

Analyst Ratings Changes

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

Fidelity D&D Bancorp Stock Up 0.5%

The firm has a market capitalization of $265.46 million, a PE ratio of 8.93 and a beta of 0.85. 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 company has a 50-day moving average price of $44.79 and a 200 day moving average price of $44.77.

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

Fidelity D&D Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 20th. Fidelity D&D Bancorp’s dividend payout ratio (DPR) is 33.59%.

Hedge Funds Weigh In On Fidelity D&D Bancorp

Several hedge funds have recently modified their holdings of the stock. Lewis Asset Management LLC lifted its holdings 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 worth $340,000 after buying an additional 353 shares in the last quarter. Royal Bank of Canada increased its holdings in Fidelity D&D Bancorp by 154.7% in the 4th quarter. Royal Bank of Canada now owns 647 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 393 shares during the last quarter. Bank of America Corp DE lifted its stake in Fidelity D&D Bancorp by 7.5% in the 3rd quarter. Bank of America Corp DE now owns 6,827 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 475 shares in the last quarter. Geode Capital Management LLC lifted its stake in Fidelity D&D Bancorp by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 114,262 shares of the financial services provider’s stock worth $4,975,000 after purchasing an additional 508 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings 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 purchasing an additional 523 shares during the last quarter. Hedge funds and other institutional investors own 20.05% of the company’s stock.

Fidelity D&D Bancorp Company Profile

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.