Key Points
- Vice Chairman Michael Mcdonald purchased 10,414 shares for $499,976.14 on Feb. 5 at an average price of $48.01, increasing his direct ownership to 181,228 shares (a 6.10% rise).
- Fidelity D&D announced a quarterly dividend of $0.43 per share (annualized $1.72) for a 3.6% yield (ex-dividend Feb. 13, payable Mar. 10); the stock trades at a P/E of 9.75 with a market cap of about $274 million.
Fidelity D&D Bancorp Inc. (NASDAQ:FDBC - Get Free Report) Vice Chairman Michael Mcdonald acquired 10,414 shares of the stock in a transaction dated Thursday, February 5th. The stock was acquired at an average price of $48.01 per share, for a total transaction of $499,976.14. Following the completion of the transaction, the insider directly owned 181,228 shares of the company's stock, valued at approximately $8,700,756.28. This represents a 6.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Fidelity D&D Bancorp Stock Up 0.3%
Shares of FDBC opened at $47.48 on Tuesday. The business's 50 day moving average is $44.98 and its 200 day moving average is $44.03. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.03. Fidelity D&D Bancorp Inc. has a 12-month low of $37.00 and a 12-month high of $50.00. The company has a market capitalization of $273.96 million, a PE ratio of 9.75 and a beta of 0.91.
Fidelity D&D Bancorp (NASDAQ:FDBC - Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $1.37 earnings per share for the quarter. The business had revenue of $25.57 million during the quarter. Fidelity D&D Bancorp had a return on equity of 12.84% and a net margin of 20.08%.
Fidelity D&D Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 13th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, February 13th. Fidelity D&D Bancorp's dividend payout ratio (DPR) is presently 35.32%.
Institutional Investors Weigh In On Fidelity D&D Bancorp
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Siena Capital Partners GP LLC bought a new stake in shares of Fidelity D&D Bancorp in the 3rd quarter valued at approximately $39,000. BNP Paribas Financial Markets raised its holdings in Fidelity D&D Bancorp by 148.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,185 shares of the financial services provider's stock valued at $52,000 after buying an additional 709 shares during the period. Raymond James Financial Inc. bought a new stake in Fidelity D&D Bancorp in the second quarter worth $56,000. Tower Research Capital LLC TRC lifted its position 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 buying an additional 1,015 shares during the last quarter. Finally, CWM LLC boosted its stake in 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 during the period. 20.05% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Fidelity D&D Bancorp in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold".
View Our Latest Analysis on Fidelity D&D Bancorp
About Fidelity D&D Bancorp
(
Get Free Report)
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.
Further Reading
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