Fifth District Bancorp (NASDAQ:FDSB) Releases Earnings Results

Fifth District Bancorp (NASDAQ:FDSB) posted its earnings results on Tuesday. The company reported $0.07 earnings per share (EPS) for the quarter, FiscalAI reports. Fifth District Bancorp had a net margin of 6.97% and a return on equity of 1.27%. The company had revenue of $4.00 million during the quarter.

Fifth District Bancorp Price Performance

FDSB stock opened at $17.57 on Wednesday. The company has a market cap of $92.07 million, a price-to-earnings ratio of 51.68 and a beta of 0.24. Fifth District Bancorp has a twelve month low of $13.00 and a twelve month high of $18.69. The business has a 50 day moving average price of $17.72 and a two-hundred day moving average price of $16.32. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.05.

Institutional Investors Weigh In On Fifth District Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Waverly Advisors LLC acquired a new stake in Fifth District Bancorp during the 2nd quarter worth approximately $856,000. Beacon Pointe Advisors LLC bought a new position in shares of Fifth District Bancorp during the second quarter worth about $162,000. Finally, BlackRock Inc. acquired a new position in shares of Fifth District Bancorp in the second quarter worth approximately $519,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Fifth District Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. One analyst has rated the stock with a Hold rating. According to MarketBeat, Fifth District Bancorp currently has an average rating of “Hold”.

About Fifth District Bancorp

Fifth District Bancorp, Inc. is the holding company for Fifth District Savings Bank, a community-oriented savings institution headquartered in New Orleans, Louisiana. The bank provides traditional banking services to individuals, families, and businesses, including deposit accounts, residential mortgage lending, consumer loans, and commercial real estate and business lending. Fifth District Savings Bank has served the New Orleans area for nearly a century, with roots dating to its founding in 1926.