Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) COO Eugene J. Walsh Sells 1,000 Shares of Stock

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) COO Eugene J. Walsh sold 1,000 shares of Fidelity D & D Bancorp stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $39.39, for a total value of $39,390.00. Following the completion of the sale, the chief operating officer now owns 15,201 shares in the company, valued at approximately $598,767.39. This represents a 6.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Fidelity D & D Bancorp Trading Down 1.1%

NASDAQ FDBC opened at $40.80 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.04. Fidelity D & D Bancorp, Inc. has a twelve month low of $37.00 and a twelve month high of $61.21. The firm has a market capitalization of $235.29 million, a PE ratio of 11.30 and a beta of 0.96. The stock’s 50 day moving average is $40.58 and its 200 day moving average is $44.87.

Fidelity D & D Bancorp (NASDAQ:FDBC) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $1.03 earnings per share for the quarter. The company had revenue of $22.01 million for the quarter. Fidelity D & D Bancorp had a return on equity of 10.49% and a net margin of 16.50%.

Fidelity D & D Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Tuesday, May 20th. Fidelity D & D Bancorp’s payout ratio is 42.55%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its stake in shares of Fidelity D & D Bancorp by 129.3% in the fourth quarter. JPMorgan Chase & Co. now owns 20,373 shares of the financial services provider’s stock worth $994,000 after purchasing an additional 11,488 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Fidelity D & D Bancorp by 85.9% in the fourth quarter. Deutsche Bank AG now owns 6,624 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 3,061 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Fidelity D & D Bancorp by 2.2% in the fourth quarter. Bank of New York Mellon Corp now owns 29,356 shares of the financial services provider’s stock worth $1,433,000 after acquiring an additional 639 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Fidelity D & D Bancorp by 15.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,714 shares of the financial services provider’s stock worth $376,000 after buying an additional 1,056 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of Fidelity D & D Bancorp by 18.9% in the fourth quarter. Citadel Advisors LLC now owns 11,641 shares of the financial services provider’s stock worth $568,000 after buying an additional 1,853 shares in the last quarter. Hedge funds and other institutional investors own 20.05% of the company’s stock.

About Fidelity D & D Bancorp

Fidelity D&D Bancorp, Inc is a holding company, which engages in the provision of commercial banking services. It operates through the following segments: Commercial and Industrial, Commercial Real Estate, Consumer, and Residential Real Estate. The Commercial and Industrial segment refers to identified historic and/or the projected cash flows of the borrower and secondarily to the underlying collateral provided by the borrower.