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

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $44.53 and traded as low as $43.51. Fidelity D&D Bancorp shares last traded at $43.51, with a volume of 4,855 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity D&D Bancorp in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Fidelity D&D Bancorp Stock Up 0.1%

The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $251.34 million, a PE ratio of 8.94 and a beta of 0.90. The company’s 50 day moving average is $44.78 and its two-hundred day moving average is $44.55.

Fidelity D&D Bancorp (NASDAQ:FDBC) last announced its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $1.37 EPS for the quarter. The business had revenue of $25.57 million for the quarter. Fidelity D&D Bancorp had a net margin of 20.08% and a return on equity of 12.84%.

Fidelity D&D Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, February 13th. Fidelity D&D Bancorp’s dividend payout ratio is 35.32%.

Insider Activity at Fidelity D&D Bancorp

In other Fidelity D&D Bancorp news, Vice Chairman Michael J. Mcdonald purchased 10,414 shares of Fidelity D&D Bancorp stock in a transaction that occurred on Thursday, February 5th. The shares were bought at an average price of $48.01 per share, for a total transaction of $499,976.14. Following the completion of the transaction, the insider owned 181,228 shares of the company’s stock, valued at approximately $8,700,756.28. This trade represents a 6.10% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 21.00% of the company’s stock.

Hedge Funds Weigh In On Fidelity D&D Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in FDBC. CANADA LIFE ASSURANCE Co purchased a new stake in shares of Fidelity D&D Bancorp during the 4th quarter valued at about $25,000. Royal Bank of Canada grew its position in 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 worth $28,000 after acquiring an additional 393 shares in the last quarter. Siena Capital Partners GP LLC bought a new stake in Fidelity D&D Bancorp during the third quarter worth approximately $39,000. BNP Paribas Financial Markets lifted its stake in shares of Fidelity D&D Bancorp by 148.9% in the 3rd 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. Finally, Raymond James Financial Inc. purchased a new position in shares of Fidelity D&D Bancorp in the 2nd quarter worth approximately $56,000. 20.05% of the stock is owned by hedge funds and other 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.