Fifth District Bancorp (NASDAQ:FDSB) Stock Falls 0.3% – What’s Next?

Fifth District Bancorp, Inc. (NASDAQ:FDSB)’s share price was down 0.3% on Wednesday. The company traded as low as $17.66 and last traded at $17.60. Approximately 3,084 shares changed hands during trading, a decline of 31% from the average daily volume of 4,482 shares. The stock had previously closed at $17.66.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Fifth District Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Fifth District Bancorp has a consensus rating of “Hold”.

Fifth District Bancorp Trading Down 0.3%

The firm has a market capitalization of $92.22 million, a price-to-earnings ratio of 51.77 and a beta of 0.24. The business’s 50 day moving average price is $17.77 and its 200-day moving average price is $16.27. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.06 and a quick ratio of 1.06.

Fifth District Bancorp (NASDAQ:FDSB) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.08 EPS for the quarter. Fifth District Bancorp had a net margin of 6.97% and a return on equity of 1.27%. The firm had revenue of $3.96 million during the quarter.

Institutional Investors Weigh In On Fifth District Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of FDSB. Waverly Advisors LLC purchased a new stake in shares of Fifth District Bancorp during the 2nd quarter worth $856,000. Beacon Pointe Advisors LLC purchased a new position in shares of Fifth District Bancorp in the 2nd quarter valued at about $162,000. Finally, BlackRock Inc. purchased a new position in shares of Fifth District Bancorp in the 2nd quarter valued at about $519,000.

About Fifth District Bancorp

Fifth District Bancorp, Inc is the holding company for Fifth District Savings Bank, a community-oriented savings institution headquartered in New Orleans, Louisiana. The bank provides traditional banking services to individuals, families, and businesses, including deposit accounts, residential mortgage lending, consumer loans, and commercial real estate and business lending.

Fifth District Savings Bank has served the New Orleans area for nearly a century, with roots dating to its founding in 1926.