Fifth District Bancorp, Inc. (NASDAQ:FDSB) Short Interest Up 51.4% in March

Fifth District Bancorp, Inc. (NASDAQ:FDSB) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 6,934 shares, an increase of 51.4% from the February 26th total of 4,581 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 7,021 shares, the short-interest ratio is currently 1.0 days.

Analyst Ratings Changes

FDSB has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fifth District Bancorp in a report on Thursday, January 22nd. Wall Street Zen upgraded Fifth District Bancorp to a “hold” rating in a report on Saturday, December 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Fifth District Bancorp

Hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP bought a new stake in shares of Fifth District Bancorp during the 4th quarter valued at $151,000. Susquehanna International Group LLP boosted its stake in Fifth District Bancorp by 28.2% in the 3rd quarter. Susquehanna International Group LLP now owns 13,149 shares of the company’s stock worth $182,000 after purchasing an additional 2,894 shares during the period. Arcus Capital Partners LLC grew its holdings in Fifth District Bancorp by 42.0% during the 3rd quarter. Arcus Capital Partners LLC now owns 18,897 shares of the company’s stock valued at $261,000 after buying an additional 5,593 shares in the last quarter. TruWealth Advisors LLC purchased a new position in Fifth District Bancorp during the 3rd quarter valued at about $484,000. Finally, Renaissance Technologies LLC increased its position in shares of Fifth District Bancorp by 427.7% during the fourth quarter. Renaissance Technologies LLC now owns 63,321 shares of the company’s stock valued at $950,000 after buying an additional 51,321 shares during the period.

Fifth District Bancorp Stock Performance

Shares of FDSB stock opened at $14.87 on Monday. The stock has a market capitalization of $78.66 million, a P/E ratio of 18.36 and a beta of 0.47. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average is $14.96 and its 200 day moving average is $14.28. Fifth District Bancorp has a 12 month low of $11.35 and a 12 month high of $15.64.

Fifth District Bancorp (NASDAQ:FDSB) last released its quarterly earnings data on Tuesday, March 24th. The company reported $0.11 earnings per share for the quarter. Fifth District Bancorp had a net margin of 15.43% and a return on equity of 3.15%. The business had revenue of $3.65 million during the quarter.

About Fifth District Bancorp

Fifth District Bancorp is a bank holding company headquartered in Vienna, Virginia. Through its principal subsidiary, Fifth District Bank, the company offers a full suite of commercial and retail banking services designed to meet the needs of individuals, small businesses and middle-market enterprises. Operating under a national bank charter, Fifth District Bancorp focuses on relationship-driven service, providing its clients with personalized financial solutions and responsive customer support.

The bank’s core business activities include deposit-taking, commercial and industrial lending, mortgage banking, and wealth management.