Fifth District Bancorp, Inc. (NASDAQ:FDSB) Sees Significant Drop in Short Interest

Fifth District Bancorp, Inc. (NASDAQ:FDSB) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 8,881 shares, a decline of 37.8% from the May 31st total of 14,278 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 26,014 shares, the short-interest ratio is presently 0.3 days.

Insider Activity

In related news, Director Linda A. Sins sold 2,692 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $15.02, for a total transaction of $40,433.84. Following the transaction, the director owned 4,700 shares in the company, valued at $70,594. The trade was a 36.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fifth District Bancorp

Several large investors have recently modified their holdings of FDSB. Renaissance Technologies LLC boosted its stake in Fifth District Bancorp by 427.7% in the 4th quarter. Renaissance Technologies LLC now owns 63,321 shares of the company’s stock worth $950,000 after purchasing an additional 51,321 shares in the last quarter. Alliancebernstein L.P. increased its stake in Fifth District Bancorp by 56.0% during the 3rd quarter. Alliancebernstein L.P. now owns 133,954 shares of the company’s stock valued at $1,853,000 after purchasing an additional 48,103 shares in the last quarter. Marshall Wace LLP purchased a new position in Fifth District Bancorp in the fourth quarter worth about $151,000. Mangrove Partners IM LLC raised its holdings in Fifth District Bancorp by 2.1% in the third quarter. Mangrove Partners IM LLC now owns 142,330 shares of the company’s stock worth $1,968,000 after buying an additional 2,925 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its stake in shares of Fifth District Bancorp by 28.2% in the third quarter. Susquehanna International Group LLP now owns 13,149 shares of the company’s stock worth $182,000 after buying an additional 2,894 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Fifth District Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Fifth District Bancorp has an average rating of “Hold”.

Fifth District Bancorp Stock Up 1.9%

Shares of FDSB traded up $0.30 during mid-day trading on Thursday, reaching $16.59. The company had a trading volume of 5,997 shares, compared to its average volume of 8,761. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $87.28 million, a price-to-earnings ratio of 19.02 and a beta of 0.23. The firm has a 50-day moving average price of $15.38 and a 200 day moving average price of $15.06. Fifth District Bancorp has a 52 week low of $12.37 and a 52 week high of $16.55.

Fifth District Bancorp (NASDAQ:FDSB) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.08 earnings per share for the quarter. The company had revenue of $3.78 million during the quarter. Fifth District Bancorp had a return on equity of 3.37% and a net margin of 16.35%.

About Fifth District Bancorp

Fifth District Bancorp is a bank holding company headquartered in Vienna, Virginia. Through its principal subsidiary, Fifth District Bank, the company offers a full suite of commercial and retail banking services designed to meet the needs of individuals, small businesses and middle-market enterprises. Operating under a national bank charter, Fifth District Bancorp focuses on relationship-driven service, providing its clients with personalized financial solutions and responsive customer support.

The bank’s core business activities include deposit-taking, commercial and industrial lending, mortgage banking, and wealth management.