Fidelity D&D Bancorp (NASDAQ:FDBC) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $47.95 and traded as high as $51.55. Fidelity D&D Bancorp shares last traded at $50.26, with a volume of 9,905 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated 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, According to MarketBeat, the company has an average rating of “Hold”.

Fidelity D&D Bancorp Price Performance

The stock has a 50-day moving average price of $48.17 and a two-hundred day moving average price of $45.86. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.02. The stock has a market cap of $293.11 million, a price-to-earnings ratio of 9.85 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 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 issued a dividend of $0.43 per share. The ex-dividend date was Wednesday, May 20th. This represents a $1.72 annualized dividend and a dividend yield of 3.4%. Fidelity D&D Bancorp’s dividend payout ratio is 33.59%.

Institutional Trading of Fidelity D&D Bancorp

A number of institutional investors have recently bought and sold shares of FDBC. CANADA LIFE ASSURANCE Co purchased a new stake in Fidelity D&D Bancorp during the 4th quarter worth approximately $25,000. Royal Bank of Canada raised its holdings in shares of Fidelity D&D Bancorp by 154.7% in the fourth quarter. Royal Bank of Canada now owns 647 shares of the financial services provider’s stock worth $28,000 after buying an additional 393 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Fidelity D&D Bancorp by 148.9% during the third quarter. BNP Paribas Financial Markets now owns 1,185 shares of the financial services provider’s stock worth $52,000 after buying an additional 709 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Fidelity D&D Bancorp during the second quarter worth $56,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Fidelity D&D Bancorp by 430.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,251 shares of the financial services provider’s stock valued at $58,000 after buying an additional 1,015 shares during the last quarter. 20.05% of the stock is currently owned by institutional investors and hedge funds.

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.