PNC Financial Services Group Inc. Acquires 570 Shares of Fidelity D&D Bancorp Inc. (NASDAQ:FDBC)

PNC Financial Services Group Inc. raised its stake in Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) by 7.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,284 shares of the financial services provider’s stock after acquiring an additional 570 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.14% of Fidelity D&D Bancorp worth $345,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Liberty Square Wealth Partners LLC bought a new stake in shares of Fidelity D&D Bancorp during the 4th quarter valued at approximately $1,621,000. GAMMA Investing LLC boosted its position in Fidelity D&D Bancorp by 35,269.6% in the first quarter. GAMMA Investing LLC now owns 16,270 shares of the financial services provider’s stock valued at $677,000 after buying an additional 16,224 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Fidelity D&D Bancorp by 129.3% during the fourth quarter. JPMorgan Chase & Co. now owns 20,373 shares of the financial services provider’s stock worth $994,000 after buying an additional 11,488 shares during the last quarter. Alliance Wealth Advisors LLC increased its holdings in shares of Fidelity D&D Bancorp by 109.1% during the first quarter. Alliance Wealth Advisors LLC now owns 9,332 shares of the financial services provider’s stock worth $388,000 after buying an additional 4,870 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Fidelity D&D Bancorp by 85.9% during the fourth quarter. Deutsche Bank AG now owns 6,624 shares of the financial services provider’s stock worth $323,000 after buying an additional 3,061 shares in the last quarter. Institutional investors own 20.05% of the company’s stock.

Insider Activity at Fidelity D&D Bancorp

In other news, COO Eugene J. Walsh sold 1,000 shares of the 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 transaction, the chief operating officer directly owned 15,201 shares in the company, valued at approximately $598,767.39. This represents a 6.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 21.00% of the company’s stock.

Fidelity D&D Bancorp Stock Down 3.3%

Shares of FDBC opened at $40.88 on Friday. Fidelity D&D Bancorp Inc. has a 52 week low of $37.00 and a 52 week high of $61.21. The stock has a market capitalization of $235.88 million, a price-to-earnings ratio of 9.97 and a beta of 0.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a fifty day moving average of $43.12 and a 200-day moving average of $42.52.

Fidelity D&D Bancorp (NASDAQ:FDBC) last announced its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $1.20 EPS for the quarter. Fidelity D&D Bancorp had a return on equity of 11.28% and a net margin of 17.75%. The company had revenue of $23.29 million during the quarter.

Fidelity D&D Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, August 15th. Fidelity D&D Bancorp’s dividend payout ratio is presently 39.02%.

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.