Fidelity D&D Bancorp (NASDAQ:FDBC) Stock Passes Above 200 Day Moving Average – Here’s Why

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $47.06 and traded as high as $54.52. Fidelity D&D Bancorp shares last traded at $54.52, with a volume of 5,289 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Fidelity D&D Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Fidelity D&D Bancorp currently has a consensus rating of “Buy”.

Fidelity D&D Bancorp Stock Up 1.2%

The firm has a 50-day moving average of $50.92 and a two-hundred day moving average of $47.06. The firm has a market cap of $316.76 million, a price-to-earnings ratio of 10.38 and a beta of 0.84. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.02.

Fidelity D&D Bancorp (NASDAQ:FDBC) last issued its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.33 earnings per share for the quarter. The firm had revenue of $20.76 million during the quarter. Fidelity D&D Bancorp had a net margin of 21.12% and a return on equity of 12.88%.

Fidelity D&D Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be paid a $0.43 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.2%. Fidelity D&D Bancorp’s dividend payout ratio is currently 32.76%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FDBC. Royal Bank of Canada increased its holdings in shares of Fidelity D&D Bancorp by 154.7% in the fourth 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 in the last quarter. Bank of America Corp DE lifted its holdings in Fidelity D&D Bancorp by 7.5% during the 3rd quarter. Bank of America Corp DE now owns 6,827 shares of the financial services provider’s stock worth $299,000 after buying an additional 475 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Fidelity D&D Bancorp by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 114,262 shares of the financial services provider’s stock worth $4,975,000 after buying an additional 508 shares in the last quarter. Jane Street Group LLC boosted its position in Fidelity D&D Bancorp by 8.4% in the 2nd 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 during the last quarter. Finally, CANADA LIFE ASSURANCE Co acquired a new stake in shares of Fidelity D&D Bancorp in the 4th quarter valued at $25,000. 20.05% of the stock is owned by institutional investors.

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.