Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) Short Interest Update

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 19,425 shares, a decline of 30.1% from the December 15th total of 27,782 shares. Based on an average trading volume of 9,214 shares, the short-interest ratio is currently 2.1 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 9,214 shares, the short-interest ratio is currently 2.1 days.

Fidelity D&D Bancorp Trading Up 0.1%

NASDAQ FDBC traded up $0.04 on Friday, hitting $44.00. The company’s stock had a trading volume of 6,211 shares, compared to its average volume of 7,053. The firm has a market cap of $253.88 million, a P/E ratio of 9.76 and a beta of 0.95. Fidelity D&D Bancorp has a 52-week low of $37.00 and a 52-week high of $50.00. The company’s 50-day simple moving average is $44.49 and its 200 day simple moving average is $44.07. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.03.

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

Fidelity D&D Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were issued a $0.43 dividend. This is a boost from Fidelity D&D Bancorp’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, November 14th. This represents a $1.72 annualized dividend and a yield of 3.9%. Fidelity D&D Bancorp’s dividend payout ratio (DPR) is currently 38.14%.

Insider Activity

In related news, CEO Daniel J. Santaniello acquired 1,000 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was purchased at an average price of $44.50 per share, with a total value of $44,500.00. Following the completion of the purchase, the chief executive officer owned 60,411 shares in the company, valued at $2,688,289.50. This trade represents a 1.68% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Brian J. Cali bought 1,951 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was purchased at an average price of $44.50 per share, for a total transaction of $86,819.50. Following the acquisition, the chairman directly owned 417,771 shares of the company’s stock, valued at approximately $18,590,809.50. The trade was a 0.47% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 21.00% of the company’s stock.

Institutional Investors Weigh In On Fidelity D&D Bancorp

Large investors have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in shares of Fidelity D&D Bancorp by 7.5% during the 3rd quarter. Bank of America Corp DE now owns 6,827 shares of the financial services provider’s stock worth $299,000 after acquiring an additional 475 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Fidelity D&D Bancorp by 148.9% in the 3rd 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. Vanguard Group Inc. boosted its position in shares of Fidelity D&D Bancorp by 0.7% during the third quarter. Vanguard Group Inc. now owns 247,519 shares of the financial services provider’s stock valued at $10,849,000 after purchasing an additional 1,677 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Fidelity D&D Bancorp by 21.5% in the third quarter. JPMorgan Chase & Co. now owns 4,925 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 870 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake 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. Institutional investors own 20.05% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity D&D Bancorp in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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.