Insider Buying: Fidelity D&D Bancorp (NASDAQ:FDBC) CEO Purchases $44,500.00 in Stock

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) CEO Daniel Santaniello acquired 1,000 shares of Fidelity D&D Bancorp stock in a transaction dated Monday, November 10th. The shares were bought at an average cost of $44.50 per share, for a total transaction of $44,500.00. Following the completion of the purchase, the chief executive officer directly owned 60,411 shares of the company’s stock, valued at approximately $2,688,289.50. The trade was a 1.68% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Fidelity D&D Bancorp Trading Down 0.6%

Shares of FDBC stock opened at $44.73 on Thursday. The stock has a market capitalization of $258.09 million, a PE ratio of 9.92 and a beta of 1.08. Fidelity D&D Bancorp Inc. has a 1-year low of $37.00 and a 1-year high of $56.10. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.82 and a quick ratio of 0.81. The business has a 50-day moving average of $44.08 and a 200 day moving average of $43.12.

Fidelity D&D Bancorp (NASDAQ:FDBC) last issued its earnings results on Wednesday, October 22nd. The financial services provider reported $1.27 EPS for the quarter. Fidelity D&D Bancorp had a net margin of 19.03% and a return on equity of 12.10%. The company had revenue of $23.53 million for the quarter.

Fidelity D&D Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.8%. This is a positive change from Fidelity D&D Bancorp’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, November 14th. Fidelity D&D Bancorp’s payout ratio is currently 35.48%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity D&D Bancorp in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Fidelity D&D Bancorp has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP purchased a new stake in shares of Fidelity D&D Bancorp in the 2nd quarter worth about $679,000. Fidelity D & D Bancorp Inc. increased its position in shares of Fidelity D&D Bancorp by 14.4% during the second quarter. Fidelity D & D Bancorp Inc. now owns 113,729 shares of the financial services provider’s stock valued at $5,232,000 after buying an additional 14,327 shares during the period. Nuveen LLC bought a new position in Fidelity D&D Bancorp in the first quarter worth about $378,000. Jane Street Group LLC purchased a new stake in Fidelity D&D Bancorp in the first quarter worth about $259,000. Finally, GSA Capital Partners LLP purchased a new stake in Fidelity D&D Bancorp in the third quarter worth about $233,000. 20.05% of the stock is currently owned by institutional investors.

Fidelity D&D Bancorp Company Profile

Fidelity D&D Bancorp, Inc is a holding company, which engages in the provision of commercial banking services. It operates through the following segments: Commercial and Industrial, Commercial Real Estate, Consumer, and Residential Real Estate. The Commercial and Industrial segment refers to identified historic and/or the projected cash flows of the borrower and secondarily to the underlying collateral provided by the borrower.