GAMMA Investing LLC Acquires 16,224 Shares of Fidelity D&D Bancorp Inc. (NASDAQ:FDBC)

GAMMA Investing LLC grew its position in Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) by 35,269.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,270 shares of the financial services provider’s stock after buying an additional 16,224 shares during the quarter. GAMMA Investing LLC owned 0.28% of Fidelity D&D Bancorp worth $677,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Liberty Square Wealth Partners LLC acquired a new position in shares of Fidelity D&D Bancorp in the fourth quarter valued at about $1,621,000. Bank of New York Mellon Corp boosted its stake in shares of Fidelity D&D Bancorp by 2.2% in the fourth quarter. Bank of New York Mellon Corp now owns 29,356 shares of the financial services provider’s stock worth $1,433,000 after acquiring an additional 639 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Fidelity D&D Bancorp by 129.3% in the fourth quarter. JPMorgan Chase & Co. now owns 20,373 shares of the financial services provider’s stock worth $994,000 after acquiring an additional 11,488 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Fidelity D&D Bancorp by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 14,450 shares of the financial services provider’s stock worth $705,000 after buying an additional 260 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in Fidelity D&D Bancorp by 18.9% during the fourth quarter. Citadel Advisors LLC now owns 11,641 shares of the financial services provider’s stock worth $568,000 after buying an additional 1,853 shares in the last quarter. 20.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Fidelity D&D Bancorp news, COO Eugene J. Walsh sold 1,000 shares of the firm’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $39.39, for a total value of $39,390.00. Following the completion of the sale, the chief operating officer now owns 15,201 shares of the company’s stock, valued at approximately $598,767.39. This trade represents a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 18.37% of the company’s stock.

Fidelity D&D Bancorp Trading Down 0.7%

Shares of NASDAQ FDBC opened at $41.12 on Wednesday. Fidelity D&D Bancorp Inc. has a twelve month low of $37.00 and a twelve month high of $61.21. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $40.63 and a 200-day simple moving average of $44.02. The stock has a market capitalization of $237.26 million, a PE ratio of 10.94 and a beta of 0.95.

Fidelity D&D Bancorp (NASDAQ:FDBC) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $1.03 EPS for the quarter. The firm had revenue of $22.01 million during the quarter. Fidelity D&D Bancorp had a return on equity of 10.62% and a net margin of 16.83%.

Fidelity D&D Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 20th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Tuesday, May 20th. Fidelity D&D Bancorp’s payout ratio is currently 42.55%.

Fidelity D&D Bancorp Company Profile

Fidelity D&D Bancorp, Inc is a holding company, which engages in the provision of commercial banking services. It operates through the following segments: Commercial and Industrial, Commercial Real Estate, Consumer, and Residential Real Estate. The Commercial and Industrial segment refers to identified historic and/or the projected cash flows of the borrower and secondarily to the underlying collateral provided by the borrower.