Fidelity D&D Bancorp (NASDAQ:FDBC) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $44.07 and traded as low as $43.76. Fidelity D&D Bancorp shares last traded at $44.00, with a volume of 6,211 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity D&D Bancorp in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Fidelity D&D Bancorp presently has an average rating of “Hold”.

Fidelity D&D Bancorp Stock Up 0.1%

The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.03. The firm has a market cap of $253.75 million, a price-to-earnings ratio of 9.76 and a beta of 0.95. The firm’s 50 day simple moving average is $44.49 and its two-hundred day simple moving average is $44.04.

Fidelity D&D Bancorp (NASDAQ:FDBC) last announced its earnings results on Wednesday, October 22nd. The financial services provider reported $1.27 earnings per share (EPS) for the quarter. Fidelity D&D Bancorp had a net margin of 19.03% and a return on equity of 12.10%. The firm had revenue of $23.53 million for the quarter.

Fidelity D&D Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.72 annualized dividend and a yield of 3.9%. This is a boost from Fidelity D&D Bancorp’s previous quarterly dividend of $0.40. Fidelity D&D Bancorp’s payout ratio is presently 38.14%.

Insiders Place Their Bets

In related news, Chairman Brian J. Cali purchased 1,951 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was acquired at an average price of $44.50 per share, with a total value of $86,819.50. Following the completion of the purchase, the chairman directly owned 417,771 shares in the company, valued at $18,590,809.50. This trade represents a 0.47% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel J. Santaniello acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average cost of $44.50 per share, with a total value of $44,500.00. Following the transaction, the chief executive officer directly owned 60,411 shares of the company’s stock, valued at $2,688,289.50. This trade represents a 1.68% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 21.00% of the company’s stock.

Institutional Trading of Fidelity D&D Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Quantinno Capital Management LP acquired a new stake in shares of Fidelity D&D Bancorp during the 2nd quarter worth approximately $679,000. Fidelity D & D Bancorp Inc. lifted its stake in Fidelity D&D Bancorp by 14.4% during the second quarter. Fidelity D & D Bancorp Inc. now owns 113,729 shares of the financial services provider’s stock worth $5,232,000 after purchasing an additional 14,327 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Fidelity D&D Bancorp by 125.3% in the 3rd quarter. Millennium Management LLC now owns 14,140 shares of the financial services provider’s stock valued at $620,000 after purchasing an additional 7,863 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of Fidelity D&D Bancorp by 65.0% in the 3rd quarter. Citadel Advisors LLC now owns 19,764 shares of the financial services provider’s stock valued at $866,000 after purchasing an additional 7,789 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Fidelity D&D Bancorp during the first quarter worth about $259,000. 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.