Fifth District Bancorp, Inc. (NASDAQ:FDSB) Short Interest Up 59.5% in May

Fifth District Bancorp, Inc. (NASDAQ:FDSB) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 14,278 shares, an increase of 59.5% from the May 14th total of 8,950 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 6,426 shares, the days-to-cover ratio is currently 2.2 days.

Insider Buying and Selling

In other Fifth District Bancorp news, Director Linda A. Sins sold 2,692 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $15.02, for a total value of $40,433.84. Following the completion of the transaction, the director owned 4,700 shares of the company’s stock, valued at $70,594. This trade represents a 36.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 8.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fifth District Bancorp

Institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP grew its stake in shares of Fifth District Bancorp by 28.2% during the third quarter. Susquehanna International Group LLP now owns 13,149 shares of the company’s stock worth $182,000 after purchasing an additional 2,894 shares in the last quarter. Mangrove Partners IM LLC increased its holdings in Fifth District Bancorp by 2.1% in the third quarter. Mangrove Partners IM LLC now owns 142,330 shares of the company’s stock valued at $1,968,000 after buying an additional 2,925 shares during the last quarter. Marshall Wace LLP acquired a new stake in Fifth District Bancorp in the fourth quarter valued at $151,000. Alliancebernstein L.P. lifted its holdings in Fifth District Bancorp by 56.0% during the 3rd quarter. Alliancebernstein L.P. now owns 133,954 shares of the company’s stock worth $1,853,000 after buying an additional 48,103 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Fifth District Bancorp by 427.7% during the 4th quarter. Renaissance Technologies LLC now owns 63,321 shares of the company’s stock worth $950,000 after buying an additional 51,321 shares during the last quarter.

Wall Street Analyst Weigh In

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

Fifth District Bancorp Stock Up 6.0%

Shares of Fifth District Bancorp stock traded up $0.94 on Tuesday, reaching $16.67. 8,004 shares of the company were exchanged, compared to its average volume of 9,076. Fifth District Bancorp has a 1-year low of $11.94 and a 1-year high of $16.00. The company has a market cap of $87.68 million, a P/E ratio of 19.16 and a beta of 0.28. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.05 and a quick ratio of 1.05. The stock’s 50 day moving average price is $15.09 and its 200-day moving average price is $14.88.

Fifth District Bancorp (NASDAQ:FDSB) last issued its earnings results on Tuesday, May 12th. The company reported $0.08 earnings per share for the quarter. Fifth District Bancorp had a net margin of 16.35% and a return on equity of 3.37%. The firm had revenue of $3.78 million for the quarter.

Fifth District Bancorp Company Profile

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.