Fidelity D&D Bancorp (NASDAQ:FDBC) Stock Crosses Below 200 Day Moving Average – What’s Next?

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $44.56 and traded as low as $44.16. Fidelity D&D Bancorp shares last traded at $45.09, with a volume of 11,058 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity D&D Bancorp in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Fidelity D&D Bancorp Stock Up 1.8%

The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $44.47 and a 200-day moving average price of $44.56. The stock has a market cap of $269.90 million, a PE ratio of 8.97 and a beta of 0.83.

Fidelity D&D Bancorp (NASDAQ:FDBC) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $1.28 earnings per share (EPS) for the quarter. Fidelity D&D Bancorp had a net margin of 20.78% and a return on equity of 12.97%. The company had revenue of $19.41 million for the quarter.

Fidelity D&D Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, May 20th. Fidelity D&D Bancorp’s payout ratio is 33.59%.

Insider Activity at Fidelity D&D Bancorp

In related news, Vice Chairman Michael J. Mcdonald purchased 10,414 shares of Fidelity D&D Bancorp stock in a transaction dated Thursday, February 5th. The shares were acquired at an average price of $48.01 per share, for a total transaction of $499,976.14. Following the acquisition, the insider directly owned 181,228 shares in the company, valued at approximately $8,700,756.28. The trade was a 6.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.69% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co purchased a new stake in Fidelity D&D Bancorp in the 4th quarter valued at about $25,000. Royal Bank of Canada raised its holdings in Fidelity D&D Bancorp by 154.7% in the 4th quarter. Royal Bank of Canada now owns 647 shares of the financial services provider’s stock valued at $28,000 after buying an additional 393 shares during the period. Siena Capital Partners GP LLC purchased a new stake in Fidelity D&D Bancorp in the 3rd quarter valued at about $39,000. BNP Paribas Financial Markets raised its holdings in 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 buying an additional 709 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Fidelity D&D Bancorp in the 2nd quarter valued at about $56,000. Hedge funds and other institutional investors own 20.05% of the company’s stock.

About Fidelity D&D Bancorp

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.