Fidelity D&D Bancorp (NASDAQ:FDBC) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $46.46 and traded as high as $49.52. Fidelity D&D Bancorp shares last traded at $48.60, with a volume of 10,392 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity D&D Bancorp in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Fidelity D&D Bancorp Price Performance

The firm has a 50 day moving average price of $46.46 and a 200 day moving average price of $45.36. The stock has a market capitalization of $282.37 million, a PE ratio of 9.49 and a beta of 0.85. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.02.

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

Fidelity D&D Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, May 20th. Fidelity D&D Bancorp’s payout ratio is presently 33.59%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Siena Capital Partners GP LLC raised its position in shares of Fidelity D&D Bancorp by 2,289.6% during the 4th quarter. Siena Capital Partners GP LLC now owns 21,363 shares of the financial services provider’s stock valued at $930,000 after purchasing an additional 20,469 shares during the period. Lewis Asset Management LLC boosted its holdings in Fidelity D&D Bancorp by 4.7% in the 4th quarter. Lewis Asset Management LLC now owns 7,812 shares of the financial services provider’s stock worth $340,000 after buying an additional 353 shares during the period. JPMorgan Chase & Co. boosted its holdings in Fidelity D&D Bancorp by 21.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,925 shares of the financial services provider’s stock worth $216,000 after buying an additional 870 shares during the period. GSA Capital Partners LLP purchased a new stake in Fidelity D&D Bancorp in the 3rd quarter worth $233,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Fidelity D&D Bancorp in the 1st quarter worth $243,000. 20.05% of the stock is currently owned by institutional investors.

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.