Fifth District Bancorp (NASDAQ:FDSB) Announces Quarterly Earnings Results

Fifth District Bancorp (NASDAQ:FDSB) posted its quarterly earnings data on Monday. The company reported $0.07 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $3.57 million for the quarter. Fifth District Bancorp had a return on equity of 2.90% and a net margin of 14.27%.

Fifth District Bancorp Trading Up 0.8%

Shares of NASDAQ FDSB opened at $13.27 on Wednesday. Fifth District Bancorp has a twelve month low of $11.35 and a twelve month high of $15.64. The stock has a market cap of $73.78 million, a price-to-earnings ratio of 18.18 and a beta of 0.53. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.04. The company’s fifty day moving average is $13.61 and its 200-day moving average is $13.06.

Fifth District Bancorp announced that its board has authorized a stock buyback program on Monday, August 25th that permits the company to repurchase $550,000.00 in outstanding shares. This repurchase authorization permits the company to repurchase up to 0.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Fifth District Bancorp in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Fifth District Bancorp has an average rating of “Sell”.

About Fifth District Bancorp

Fifth District Bancorp, Inc is the holding company for Fifth District Savings Bank which provide all banking services. Fifth District Bancorp, Inc is based in NEW ORLEANS.