Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) Sees Significant Growth in Short Interest

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 28,247 shares, a growth of 37.8% from the February 26th total of 20,502 shares. Based on an average trading volume of 6,409 shares, the days-to-cover ratio is presently 4.4 days. Approximately 0.6% of the shares of the stock are sold short.

Fidelity D&D Bancorp Stock Up 2.0%

FDBC opened at $43.64 on Tuesday. The business’s fifty day simple moving average is $44.79 and its 200 day simple moving average is $44.41. Fidelity D&D Bancorp has a 52 week low of $37.00 and a 52 week high of $50.00. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03. The stock has a market cap of $256.60 million, a PE ratio of 8.96 and a beta of 0.90.

Fidelity D&D Bancorp (NASDAQ:FDBC) last issued its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter. The firm had revenue of $25.57 million during the quarter. Fidelity D&D Bancorp had a return on equity of 12.56% and a net margin of 20.08%.

Fidelity D&D Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Friday, February 13th were given a $0.43 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.72 dividend on an annualized basis and a yield of 3.9%. Fidelity D&D Bancorp’s payout ratio is presently 35.32%.

Insider Buying and Selling at Fidelity D&D Bancorp

In other Fidelity D&D Bancorp news, Vice Chairman Michael J. Mcdonald purchased 10,414 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was purchased at an average price of $48.01 per share, for a total transaction of $499,976.14. Following the transaction, the insider owned 181,228 shares in the company, valued at $8,700,756.28. The trade was a 6.10% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 18.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co purchased a new position in shares of Fidelity D&D Bancorp during the fourth quarter worth approximately $25,000. Royal Bank of Canada boosted its stake in shares of Fidelity D&D Bancorp by 154.7% in the 4th quarter. Royal Bank of Canada now owns 647 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 393 shares in the last quarter. Siena Capital Partners GP LLC bought a new position in shares of Fidelity D&D Bancorp during the 3rd quarter valued at $39,000. BNP Paribas Financial Markets raised its position 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 worth $52,000 after purchasing an additional 709 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Fidelity D&D Bancorp in the 2nd quarter worth $56,000. 20.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Fidelity D&D Bancorp Company Profile

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.