Insider Buying: Fidelity D&D Bancorp (NASDAQ:FDBC) Vice Chairman Buys $499,976.14 in Stock

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) Vice Chairman Michael Mcdonald purchased 10,414 shares of Fidelity D&D Bancorp stock in a transaction dated Thursday, February 5th. The stock was acquired at an average cost of $48.01 per share, with a total value of $499,976.14. Following the completion of the acquisition, the insider directly owned 181,228 shares in the company, valued at approximately $8,700,756.28. This trade represents a 6.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Fidelity D&D Bancorp Trading Down 0.4%

Shares of FDBC stock opened at $46.50 on Thursday. The business’s fifty day moving average price is $45.10 and its 200 day moving average price is $44.07. The firm has a market capitalization of $268.31 million, a PE ratio of 9.55 and a beta of 0.91. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.82 and a quick ratio of 0.82. Fidelity D&D Bancorp Inc. has a 1-year low of $37.00 and a 1-year high of $50.00.

Fidelity D&D Bancorp (NASDAQ:FDBC) last released its earnings results on Wednesday, January 28th. The financial services provider reported $1.37 EPS for the quarter. Fidelity D&D Bancorp had a return on equity of 12.84% and a net margin of 20.08%.The company had revenue of $25.57 million during the quarter.

Fidelity D&D Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 13th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.72 dividend on an annualized basis and a yield of 3.7%. Fidelity D&D Bancorp’s payout ratio is currently 35.32%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity D&D Bancorp in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Hedge Funds Weigh In On Fidelity D&D Bancorp

Several hedge funds have recently bought and sold shares of the stock. Siena Capital Partners GP LLC acquired a new stake in shares of Fidelity D&D Bancorp during the third quarter valued at $39,000. BNP Paribas Financial Markets lifted its holdings in Fidelity D&D Bancorp by 148.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,185 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 709 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Fidelity D&D Bancorp during the 2nd quarter worth about $56,000. Tower Research Capital LLC TRC grew its holdings in shares of Fidelity D&D Bancorp by 430.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,251 shares of the financial services provider’s stock worth $58,000 after buying an additional 1,015 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Fidelity D&D Bancorp by 43.9% during the third quarter. CWM LLC now owns 2,054 shares of the financial services provider’s stock worth $90,000 after buying an additional 627 shares in the last quarter. Hedge funds and other institutional investors own 20.05% of the company’s stock.

About Fidelity D&D Bancorp

Fidelity D&D Bancorp, Inc is the bank holding company for Fidelity Deposit & Discount Bank, a New York–chartered community bank headquartered in Melville, New York. Through its banking subsidiary, the company offers a broad range of deposit and lending products designed to meet the needs of individuals, small businesses and commercial clients throughout Long Island’s Nassau and Suffolk counties.

On the deposit side, Fidelity Deposit & Discount Bank provides traditional checking and savings accounts, money market accounts and certificates of deposit.