Fidelity D&D Bancorp (NASDAQ:FDBC) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $47.95 and traded as high as $51.55. Fidelity D&D Bancorp shares last traded at $50.26, with a volume of 9,905 shares traded.

Analyst Upgrades and Downgrades

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

Fidelity D&D Bancorp Trading Down 2.5%

The firm has a market cap of $292.01 million, a P/E ratio of 9.82 and a beta of 0.83. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.02. The company’s fifty day moving average price is $47.95 and its two-hundred day moving average price is $45.80.

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

Fidelity D&D Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were paid a $0.43 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.4%. Fidelity D&D Bancorp’s payout ratio is 33.59%.

Institutional Investors Weigh In On Fidelity D&D Bancorp

Large investors have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in Fidelity D&D Bancorp by 6.9% during the 1st quarter. Bank of America Corp DE now owns 9,596 shares of the financial services provider’s stock valued at $415,000 after purchasing an additional 617 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Fidelity D&D Bancorp during the first quarter worth $243,000. Dimensional Fund Advisors LP grew its holdings in shares of Fidelity D&D Bancorp by 17.1% during the first quarter. Dimensional Fund Advisors LP now owns 19,335 shares of the financial services provider’s stock worth $837,000 after purchasing an additional 2,820 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Fidelity D&D Bancorp by 41.7% in the first quarter. Hsbc Holdings PLC now owns 11,581 shares of the financial services provider’s stock valued at $505,000 after buying an additional 3,407 shares in the last quarter. Finally, Fidelity D & D Bancorp Inc. increased its stake in shares of Fidelity D&D Bancorp by 1.0% in the first quarter. Fidelity D & D Bancorp Inc. now owns 99,269 shares of the financial services provider’s stock valued at $4,296,000 after buying an additional 965 shares in the last quarter. 20.05% of the stock is currently owned by institutional investors.

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.