Fidelity D&D Bancorp (NASDAQ:FDBC) Announces Earnings Results

Fidelity D&D Bancorp (NASDAQ:FDBC) announced its quarterly earnings data on Wednesday. The financial services provider reported $1.28 EPS for the quarter, Zacks reports. Fidelity D&D Bancorp had a net margin of 20.08% and a return on equity of 12.56%.

Fidelity D&D Bancorp Stock Down 0.7%

Fidelity D&D Bancorp stock opened at $45.47 on Wednesday. The firm has a market cap of $267.36 million, a price-to-earnings ratio of 9.34 and a beta of 0.83. Fidelity D&D Bancorp has a 52 week low of $37.57 and a 52 week high of $50.00. The business’s 50-day moving average price is $44.54 and its 200 day moving average price is $44.46. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03.

Insider Transactions at Fidelity D&D Bancorp

In related news, Vice Chairman Michael J. Mcdonald purchased 10,414 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was bought at an average cost of $48.01 per share, with a total value of $499,976.14. Following the completion of the acquisition, the insider owned 181,228 shares of the company’s stock, valued at $8,700,756.28. The trade was a 6.10% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 20.69% of the company’s stock.

Hedge Funds Weigh In On Fidelity D&D Bancorp

Several institutional investors have recently made changes to their positions in FDBC. Royal Bank of Canada lifted 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 during the period. Bank of America Corp DE grew its position in Fidelity D&D Bancorp by 7.5% during the third quarter. Bank of America Corp DE now owns 6,827 shares of the financial services provider’s stock valued at $299,000 after buying an additional 475 shares during the period. Geode Capital Management LLC increased its holdings in Fidelity D&D Bancorp by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 114,262 shares of the financial services provider’s stock valued at $4,975,000 after buying an additional 508 shares in the last quarter. Jane Street Group LLC increased its holdings in Fidelity D&D Bancorp by 8.4% in the second quarter. Jane Street Group LLC now owns 6,758 shares of the financial services provider’s stock valued at $311,000 after buying an additional 523 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co acquired a new position in shares of Fidelity D&D Bancorp in the fourth quarter worth about $25,000. 20.05% of the stock is 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 analyst has rated the stock with a Hold rating, According to data from MarketBeat, Fidelity D&D Bancorp 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.