Fifth District Bancorp (NASDAQ:FDSB) Issues Earnings Results

Fifth District Bancorp (NASDAQ:FDSB) issued its quarterly earnings results on Monday. The company reported $0.08 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $3.96 million for the quarter. Fifth District Bancorp had a return on equity of 3.37% and a net margin of 16.35%.

Fifth District Bancorp Stock Up 0.2%

FDSB traded up $0.03 during midday trading on Monday, reaching $17.89. 9,134 shares of the company were exchanged, compared to its average volume of 8,357. The company has a market cap of $94.10 million, a price-to-earnings ratio of 20.56 and a beta of 0.20. Fifth District Bancorp has a one year low of $13.00 and a one year high of $18.00. The company’s fifty day moving average price is $16.62 and its 200 day moving average price is $15.55. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.05.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Fifth District Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Insider Buying and Selling

In related news, Director Linda A. Sins sold 2,692 shares of the firm’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 directly owned 4,700 shares of the company’s stock, valued at $70,594. This trade represents a 36.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its holdings in Fifth District Bancorp by 56.0% in the 3rd quarter. Alliancebernstein L.P. now owns 133,954 shares of the company’s stock worth $1,853,000 after acquiring an additional 48,103 shares during the last quarter. Susquehanna International Group LLP raised its position 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 valued at $182,000 after purchasing an additional 2,894 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Fifth District Bancorp by 427.7% during the 4th quarter. Renaissance Technologies LLC now owns 63,321 shares of the company’s stock valued at $950,000 after buying an additional 51,321 shares in the last quarter. Marshall Wace LLP purchased a new position in Fifth District Bancorp in the 4th quarter valued at approximately $151,000. Finally, BlackRock Inc. purchased a new position in Fifth District Bancorp in the 2nd quarter valued at approximately $519,000.

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.