Fidelity D&D Bancorp (NASDAQ:FDBC) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $45.12 and traded as high as $46.50. Fidelity D&D Bancorp shares last traded at $45.62, with a volume of 10,522 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Fidelity D&D Bancorp in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Fidelity D&D Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $265.05 million, a price-to-earnings ratio of 8.91 and a beta of 0.85. The company has a fifty day moving average price of $45.12 and a two-hundred day moving average price of $44.85.

Fidelity D&D Bancorp (NASDAQ:FDBC) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.28 earnings per share for the quarter. The business had revenue of $19.41 million during the quarter. Fidelity D&D Bancorp had a return on equity of 12.75% and a net margin of 20.78%.

Fidelity D&D Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be issued a $0.43 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $1.72 annualized dividend and a dividend yield of 3.8%. Fidelity D&D Bancorp’s dividend payout ratio is 33.59%.

Institutional Trading of Fidelity D&D Bancorp

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings 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 during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Fidelity D&D Bancorp by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 114,262 shares of the financial services provider’s stock valued at $4,975,000 after purchasing an additional 508 shares during the last quarter. Fidelity D & D Bancorp Inc. lifted its holdings in shares of Fidelity D&D Bancorp by 14.4% during the second quarter. Fidelity D & D Bancorp Inc. now owns 113,729 shares of the financial services provider’s stock valued at $5,232,000 after purchasing an additional 14,327 shares during the last quarter. State Street Corp lifted its holdings in shares of Fidelity D&D Bancorp by 0.8% during the fourth quarter. State Street Corp now owns 74,530 shares of the financial services provider’s stock valued at $3,244,000 after purchasing an additional 607 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Fidelity D&D Bancorp by 13.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 26,741 shares of the financial services provider’s stock valued at $1,164,000 after purchasing an additional 3,121 shares during the last quarter. Institutional investors and hedge funds 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.