Fidelity D&D Bancorp Inc. (NASDAQ:FDBC – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $47.06 and traded as high as $54.52. Fidelity D&D Bancorp shares last traded at $54.52, with a volume of 5,289 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised shares of Fidelity D&D Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.
Get Our Latest Stock Report on Fidelity D&D Bancorp
Fidelity D&D Bancorp Trading Up 1.2%
Fidelity D&D Bancorp (NASDAQ:FDBC – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.33 earnings per share for the quarter. Fidelity D&D Bancorp had a return on equity of 12.88% and a net margin of 21.12%.The company had revenue of $20.76 million during the quarter.
Fidelity D&D Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.2%. Fidelity D&D Bancorp’s dividend payout ratio is currently 32.76%.
Institutional Investors Weigh In On Fidelity D&D Bancorp
A number of institutional investors have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co bought a new position in Fidelity D&D Bancorp during the fourth quarter valued at about $25,000. Royal Bank of Canada grew its holdings in shares of Fidelity D&D Bancorp by 154.7% during the 4th quarter. Royal Bank of Canada now owns 647 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 393 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Fidelity D&D Bancorp by 148.9% during the third 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 period. Raymond James Financial Inc. acquired a new position in shares of Fidelity D&D Bancorp in the second quarter valued at $56,000. Finally, Tower Research Capital LLC TRC lifted its position in Fidelity D&D Bancorp by 430.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,251 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 1,015 shares during the period. 20.05% of the stock is owned by institutional investors and hedge funds.
Fidelity D&D Bancorp Company Profile
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.
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