Fifth District Bancorp (NASDAQ:FDSB – Get Free Report) posted its earnings results on Monday. The company reported $0.08 earnings per share for the quarter, FiscalAI reports. Fifth District Bancorp had a net margin of 16.35% and a return on equity of 3.37%. The company had revenue of $3.96 million for the quarter.
Fifth District Bancorp Stock Up 0.2%
Fifth District Bancorp stock opened at $17.89 on Tuesday. Fifth District Bancorp has a fifty-two week low of $13.00 and a fifty-two week high of $18.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.05. The firm’s 50-day simple moving average is $16.67 and its 200 day simple moving average is $15.58. The stock has a market cap of $94.10 million, a PE ratio of 20.56 and a beta of 0.20.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded Fifth District Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Insider Buying and Selling
In other Fifth District Bancorp news, Director Linda A. Sins sold 2,692 shares of the stock in a transaction dated 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 sale, the director owned 4,700 shares in the company, valued at approximately $70,594. This trade represents a 36.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 8.60% of the company’s stock.
Hedge Funds Weigh In On Fifth District Bancorp
Several institutional investors have recently modified their holdings of the business. Marshall Wace LLP bought a new stake in Fifth District Bancorp during the fourth quarter worth $151,000. Susquehanna International Group LLP grew its stake in Fifth District Bancorp by 28.2% in the 3rd quarter. Susquehanna International Group LLP now owns 13,149 shares of the company’s stock valued at $182,000 after purchasing an additional 2,894 shares during the period. BlackRock Inc. bought a new position in Fifth District Bancorp in the 2nd quarter valued at $519,000. Renaissance Technologies LLC increased its position in shares of Fifth District Bancorp by 427.7% during the 4th quarter. Renaissance Technologies LLC now owns 63,321 shares of the company’s stock valued at $950,000 after purchasing an additional 51,321 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Fifth District Bancorp by 56.0% during the 3rd quarter. Alliancebernstein L.P. now owns 133,954 shares of the company’s stock valued at $1,853,000 after purchasing an additional 48,103 shares during the last quarter.
About Fifth District Bancorp
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.
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