Fidelity D&D Bancorp (NASDAQ:FDBC) Stock Jumps 0.3% – Time to Buy?

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC)’s stock price rose 0.3% on Friday. The company traded as high as $67.78 and last traded at $67.25. Approximately 10,871 shares were traded during trading, a decline of 31% from the average daily volume of 15,747 shares. The stock had previously closed at $67.06.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Fidelity D&D Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Fidelity D&D Bancorp has an average rating of “Buy”.

Fidelity D&D Bancorp Stock Up 0.3%

The firm has a market cap of $390.72 million, a price-to-earnings ratio of 12.21 and a beta of 0.81. The business has a fifty day simple moving average of $59.41 and a 200 day simple moving average of $50.90. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.85 and a quick ratio of 0.85.

Fidelity D&D Bancorp (NASDAQ:FDBC) last issued its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $1.53 earnings per share (EPS) for the quarter. The firm had revenue of $27.94 million for the quarter. Fidelity D&D Bancorp had a return on equity of 13.08% and a net margin of 21.69%.

Fidelity D&D Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Saturday, November 14th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.84 annualized dividend and a yield of 2.7%. This is an increase from Fidelity D&D Bancorp’s previous quarterly dividend of $0.43. Fidelity D&D Bancorp’s dividend payout ratio is currently 31.22%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Fidelity D&D Bancorp during the 2nd quarter worth $17,740,000. Bank of New York Mellon Corp purchased a new stake in shares of Fidelity D&D Bancorp during the second quarter worth $1,563,000. Hsbc Holdings PLC grew its holdings in shares of Fidelity D&D Bancorp by 67.6% during the second quarter. Hsbc Holdings PLC now owns 19,405 shares of the financial services provider’s stock worth $999,000 after buying an additional 7,824 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Fidelity D&D Bancorp by 17.1% in the first quarter. Dimensional Fund Advisors LP now owns 19,335 shares of the financial services provider’s stock valued at $837,000 after buying an additional 2,820 shares during the last quarter. Finally, Alliance Wealth Advisors LLC raised its position in shares of Fidelity D&D Bancorp by 55.2% in the second quarter. Alliance Wealth Advisors LLC now owns 15,318 shares of the financial services provider’s stock valued at $788,000 after buying an additional 5,448 shares during the last quarter. Hedge funds and other institutional investors own 20.05% of the company’s stock.

Fidelity D&D Bancorp Company Profile

Fidelity D&D Bancorp, Inc. is the former bank holding company for Fidelity Deposit and Discount Bank, a community bank headquartered in Dunmore, Pennsylvania. The bank traced its roots to the early 1900s and served individuals, families and businesses in northeastern Pennsylvania. Its services included checking and savings accounts, certificates of deposit, online and mobile banking, and consumer and business lending. The bank also offered mortgage and home equity financing, along with wealth management and trust services.