Fidelity D&D Bancorp (NASDAQ:FDBC) Issues Quarterly Earnings Results

Fidelity D&D Bancorp (NASDAQ:FDBC) issued its quarterly earnings data on Wednesday. The financial services provider reported $1.37 EPS for the quarter, Zacks reports. Fidelity D&D Bancorp had a return on equity of 12.10% and a net margin of 19.03%.

Fidelity D&D Bancorp Stock Down 1.6%

Shares of NASDAQ:FDBC traded down $0.68 during mid-day trading on Wednesday, reaching $43.00. 1,125 shares of the stock were exchanged, compared to its average volume of 6,986. The stock’s 50 day simple moving average is $44.50 and its 200-day simple moving average is $43.90. Fidelity D&D Bancorp has a one year low of $37.00 and a one year high of $50.00. The company has a market cap of $248.11 million, a P/E ratio of 9.57 and a beta of 0.95. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03.

Fidelity D&D Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 13th will be issued a dividend of $0.43 per share. The ex-dividend date is Friday, February 13th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.0%. Fidelity D&D Bancorp’s dividend payout ratio (DPR) is presently 38.14%.

Insider Buying and Selling

In other Fidelity D&D Bancorp news, CEO Daniel J. Santaniello bought 1,000 shares of Fidelity D&D Bancorp stock in a transaction that occurred on Monday, November 10th. The stock was acquired at an average price of $44.50 per share, for a total transaction of $44,500.00. Following the completion of the acquisition, the chief executive officer owned 60,411 shares of the company’s stock, valued at $2,688,289.50. This trade represents a 1.68% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Brian J. Cali purchased 1,951 shares of the stock in a transaction on Monday, November 10th. The stock was acquired at an average price of $44.50 per share, for a total transaction of $86,819.50. Following the completion of the purchase, the chairman directly owned 417,771 shares in the company, valued at approximately $18,590,809.50. The trade was a 0.47% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 18.37% of the company’s stock.

Institutional Trading of Fidelity D&D Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of FDBC. BNP Paribas Financial Markets boosted its position in Fidelity D&D Bancorp by 148.9% during the third quarter. BNP Paribas Financial Markets now owns 1,185 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 709 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Fidelity D&D Bancorp in the 2nd quarter valued at approximately $56,000. Tower Research Capital LLC TRC boosted its holdings in shares of Fidelity D&D Bancorp by 430.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,251 shares of the financial services provider’s stock valued at $58,000 after buying an additional 1,015 shares during the last quarter. Curi Capital LLC bought a new position in shares of Fidelity D&D Bancorp in the second quarter valued at $201,000. Finally, JPMorgan Chase & Co. increased its holdings in Fidelity D&D Bancorp by 21.5% during the third quarter. JPMorgan Chase & Co. now owns 4,925 shares of the financial services provider’s stock worth $216,000 after buying an additional 870 shares during the last quarter. Institutional investors and hedge funds own 20.05% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity D&D Bancorp in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently 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.