Fidelity D & D Bancorp (NASDAQ:FDBC) Shares Cross Below 200 Day Moving Average of $50.02

Shares of Fidelity D & D Bancorp, Inc. (NASDAQ:FDBCGet Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $50.02 and traded as low as $46.25. Fidelity D & D Bancorp shares last traded at $46.50, with a volume of 3,663 shares trading hands.

Fidelity D & D Bancorp Stock Down 0.6 %

The stock has a market capitalization of $270.17 million, a P/E ratio of 16.43 and a beta of 0.65. The company’s 50-day moving average price is $47.09 and its 200 day moving average price is $50.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.78 and a current ratio of 0.78.

Fidelity D & D Bancorp (NASDAQ:FDBCGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.88 EPS for the quarter. The firm had revenue of $19.52 million for the quarter. Fidelity D & D Bancorp had a net margin of 14.94% and a return on equity of 12.02%.

Fidelity D & D Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 20th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, May 17th. This represents a $1.52 annualized dividend and a yield of 3.27%. Fidelity D & D Bancorp’s payout ratio is 53.71%.

Insider Activity

In other Fidelity D & D Bancorp news, Chairman Brian J. Cali bought 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was purchased at an average cost of $46.96 per share, with a total value of $58,700.00. Following the completion of the acquisition, the chairman now owns 390,709 shares in the company, valued at approximately $18,347,694.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, COO Eugene J. Walsh sold 545 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $49.47, for a total value of $26,961.15. Following the sale, the chief operating officer now directly owns 13,735 shares of the company’s stock, valued at approximately $679,470.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Brian J. Cali purchased 1,250 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were acquired at an average cost of $46.96 per share, with a total value of $58,700.00. Following the completion of the purchase, the chairman now directly owns 390,709 shares in the company, valued at approximately $18,347,694.64. The disclosure for this purchase can be found here. Insiders sold a total of 1,486 shares of company stock worth $73,067 over the last 90 days. Corporate insiders own 17.68% of the company’s stock.

Institutional Investors Weigh In On Fidelity D & D Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its stake in shares of Fidelity D & D Bancorp by 67.0% during the 1st quarter. BNP Paribas Financial Markets now owns 2,305 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 925 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Fidelity D & D Bancorp during the 4th quarter worth about $149,000. Vicus Capital acquired a new stake in Fidelity D & D Bancorp during the 4th quarter worth about $232,000. Alliance Wealth Advisors LLC acquired a new position in shares of Fidelity D & D Bancorp in the 4th quarter valued at about $245,000. Finally, Lewis Asset Management LLC increased its stake in shares of Fidelity D & D Bancorp by 14.9% in the 1st quarter. Lewis Asset Management LLC now owns 11,696 shares of the financial services provider’s stock valued at $566,000 after purchasing an additional 1,516 shares in the last quarter. 20.05% of the stock is owned by institutional investors.

Fidelity D & D Bancorp Company Profile

(Get Free Report)

Fidelity D & D Bancorp, Inc operates as the bank holding company for The Fidelity Deposit and Discount Bank that provides a range of banking, trust, and financial services to individuals, small businesses, and corporate customers. The company accepts savings, club, interest-bearing and non-interest-bearing checking, money market, and short- and long-term time deposits, as well as certificates of deposit.

Further Reading

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