State Street Corp Grows Stake in Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC)

State Street Corp raised its holdings in shares of Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) by 3.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,231 shares of the financial services provider’s stock after purchasing an additional 2,280 shares during the period. State Street Corp owned 1.24% of Fidelity D & D Bancorp worth $3,515,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FDBC. CWM LLC grew its stake in shares of Fidelity D & D Bancorp by 12,140.0% during the third quarter. CWM LLC now owns 1,224 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 1,214 shares during the last quarter. FMR LLC raised its stake in shares of Fidelity D & D Bancorp by 849.2% in the third quarter. FMR LLC now owns 1,680 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 1,503 shares during the last quarter. Alliance Wealth Advisors LLC acquired a new stake in shares of Fidelity D & D Bancorp during the third quarter worth about $220,000. Rhumbline Advisers lifted its holdings in shares of Fidelity D & D Bancorp by 3.6% during the second quarter. Rhumbline Advisers now owns 7,465 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 259 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Fidelity D & D Bancorp by 10.2% in the second quarter. Renaissance Technologies LLC now owns 9,700 shares of the financial services provider’s stock valued at $425,000 after buying an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 20.05% of the company’s stock.

Fidelity D & D Bancorp Stock Performance

Shares of NASDAQ FDBC opened at $48.18 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.04. The company has a 50 day simple moving average of $53.30 and a two-hundred day simple moving average of $50.43. Fidelity D & D Bancorp, Inc. has a 12 month low of $41.10 and a 12 month high of $61.21. The stock has a market cap of $276.36 million, a price-to-earnings ratio of 17.98 and a beta of 0.58.

Fidelity D & D Bancorp (NASDAQ:FDBC) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $0.86 earnings per share for the quarter. Fidelity D & D Bancorp had a net margin of 13.30% and a return on equity of 10.48%. The firm had revenue of $32.28 million during the quarter. During the same period last year, the firm earned $0.93 earnings per share.

Fidelity D & D Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a $0.40 dividend. This is a boost from Fidelity D & D Bancorp’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a yield of 3.32%. Fidelity D & D Bancorp’s dividend payout ratio is presently 59.70%.

Fidelity D & D Bancorp Company Profile

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.