Fidelity D&D Bancorp (NASDAQ:FDBC) Receives Hold (C) Rating from Weiss Ratings

Fidelity D&D Bancorp (NASDAQ:FDBC)‘s stock had its “hold (c)” rating reaffirmed by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Fidelity D&D Bancorp Stock Up 0.3%

NASDAQ:FDBC opened at $43.53 on Wednesday. Fidelity D&D Bancorp has a 1-year low of $37.00 and a 1-year high of $61.21. The company has a 50-day moving average of $43.48 and a 200 day moving average of $42.55. The firm has a market cap of $251.17 million, a PE ratio of 10.62 and a beta of 1.07. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.81 and a quick ratio of 0.81.

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

Hedge Funds Weigh In On Fidelity D&D Bancorp

Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in Fidelity D&D Bancorp in the second quarter worth about $56,000. Tower Research Capital LLC TRC raised its holdings in Fidelity D&D Bancorp by 430.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,251 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 1,015 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Fidelity D&D Bancorp in the first quarter worth about $90,000. Curi Capital LLC bought a new position in Fidelity D&D Bancorp in the second quarter worth about $201,000. Finally, Jane Street Group LLC bought a new position in Fidelity D&D Bancorp in the first quarter worth about $259,000. 20.05% of the stock is currently owned by institutional investors.

About Fidelity D&D Bancorp

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.