Arcus Capital Partners LLC Has $164,000 Stock Holdings in Fifth District Bancorp, Inc. $FDSB

Arcus Capital Partners LLC increased its stake in shares of Fifth District Bancorp, Inc. (NASDAQ:FDSB) by 9.5% in the second quarter, Holdings Channel.com reports. The firm owned 13,304 shares of the company’s stock after buying an additional 1,149 shares during the quarter. Arcus Capital Partners LLC’s holdings in Fifth District Bancorp were worth $164,000 at the end of the most recent reporting period.

Fifth District Bancorp Trading Down 0.7%

Shares of NASDAQ FDSB opened at $13.26 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.03 and a current ratio of 1.03. Fifth District Bancorp, Inc. has a 52-week low of $10.75 and a 52-week high of $15.64. The firm has a 50 day moving average price of $13.69 and a two-hundred day moving average price of $12.86. The stock has a market cap of $73.73 million, a P/E ratio of 26.00 and a beta of 0.56.

Fifth District Bancorp (NASDAQ:FDSB) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $0.61 earnings per share (EPS) for the quarter. Fifth District Bancorp had a net margin of 10.10% and a return on equity of 2.01%. The firm had revenue of $6.87 million during the quarter.

Fifth District Bancorp declared that its Board of Directors has initiated a stock buyback plan on Monday, August 25th that allows the company to repurchase $550,000.00 in shares. This repurchase authorization allows the company to purchase up to 0.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

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