Fifth District Bancorp, Inc. (NASDAQ:FDSB) Sees Large Decrease in Short Interest

Fifth District Bancorp, Inc. (NASDAQ:FDSB) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 8,881 shares, a decline of 37.8% from the May 31st total of 14,278 shares. Based on an average trading volume of 26,014 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Fifth District Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Fifth District Bancorp Stock Performance

Fifth District Bancorp stock traded up $0.30 during midday trading on Thursday, reaching $16.59. 5,997 shares of the company traded hands, compared to its average volume of 8,761. Fifth District Bancorp has a 12 month low of $12.37 and a 12 month high of $16.55. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50 day moving average of $15.38 and a two-hundred day moving average of $15.06. The firm has a market capitalization of $87.28 million, a price-to-earnings ratio of 19.02 and a beta of 0.23.

Fifth District Bancorp (NASDAQ:FDSB) last posted its earnings results on Tuesday, May 12th. The company reported $0.08 EPS for the quarter. The business had revenue of $3.78 million during the quarter. Fifth District Bancorp had a net margin of 16.35% and a return on equity of 3.37%.

Insider Transactions at Fifth District Bancorp

In related news, Director Linda A. Sins sold 2,692 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $15.02, for a total value of $40,433.84. Following the transaction, the director directly owned 4,700 shares of the company’s stock, valued at approximately $70,594. This represents a 36.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 8.60% of the company’s stock.

Institutional Trading of Fifth District Bancorp

Several large investors have recently modified their holdings of the company. Marshall Wace LLP purchased a new stake in Fifth District Bancorp during the fourth quarter valued at $151,000. Susquehanna International Group LLP grew its stake in shares of Fifth District Bancorp by 28.2% during the 3rd quarter. Susquehanna International Group LLP now owns 13,149 shares of the company’s stock valued at $182,000 after purchasing an additional 2,894 shares during the period. Renaissance Technologies LLC grew its stake in shares of Fifth District Bancorp by 427.7% during the 4th quarter. Renaissance Technologies LLC now owns 63,321 shares of the company’s stock valued at $950,000 after purchasing an additional 51,321 shares during the period. Alliancebernstein L.P. increased its position in shares of Fifth District Bancorp by 56.0% during the 3rd quarter. Alliancebernstein L.P. now owns 133,954 shares of the company’s stock valued at $1,853,000 after purchasing an additional 48,103 shares during the last quarter. Finally, Mangrove Partners IM LLC increased its position in shares of Fifth District Bancorp by 2.1% during the 3rd quarter. Mangrove Partners IM LLC now owns 142,330 shares of the company’s stock valued at $1,968,000 after purchasing an additional 2,925 shares during the last quarter.

Fifth District Bancorp Company Profile

Fifth District Bancorp is a bank holding company headquartered in Vienna, Virginia. Through its principal subsidiary, Fifth District Bank, the company offers a full suite of commercial and retail banking services designed to meet the needs of individuals, small businesses and middle-market enterprises. Operating under a national bank charter, Fifth District Bancorp focuses on relationship-driven service, providing its clients with personalized financial solutions and responsive customer support.

The bank’s core business activities include deposit-taking, commercial and industrial lending, mortgage banking, and wealth management.