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

Fifth District Bancorp (NASDAQ:FDSBGet 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”.

Get Our Latest Analysis on FDSB

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

(Get Free Report)

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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Earnings History for Fifth District Bancorp (NASDAQ:FDSB)

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