Fidelity D&D Bancorp (NASDAQ:FDBC) Releases Earnings Results

Fidelity D&D Bancorp (NASDAQ:FDBC) announced its earnings results on Wednesday. The financial services provider reported $1.33 EPS for the quarter, Zacks reports. The business had revenue of $26.24 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 Trading Down 0.1%

NASDAQ:FDBC opened at $51.35 on Thursday. The stock has a market cap of $298.34 million, a PE ratio of 10.03 and a beta of 0.83. Fidelity D&D Bancorp has a fifty-two week low of $39.00 and a fifty-two week high of $53.51. 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 stock’s 50-day moving average is $49.14 and its two-hundred day moving average is $46.26.

Fidelity D&D Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, August 14th. This represents a $1.72 dividend on an annualized basis and a yield of 3.3%. Fidelity D&D Bancorp’s dividend payout ratio (DPR) is presently 33.59%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity D&D Bancorp in a report on Friday, July 17th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Fidelity D&D Bancorp currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in shares of Fidelity D&D Bancorp during the 1st quarter valued at $259,000. Geode Capital Management LLC boosted its position in Fidelity D&D Bancorp by 1.7% during the second quarter. Geode Capital Management LLC now owns 114,165 shares of the financial services provider’s stock valued at $5,253,000 after purchasing an additional 1,945 shares during the last quarter. Quantinno Capital Management LP purchased a new position in Fidelity D&D Bancorp in the second quarter valued at about $679,000. Raymond James Financial Inc. acquired a new position in Fidelity D&D Bancorp in the 2nd quarter worth about $56,000. Finally, Bank of America Corp DE raised its stake in shares of Fidelity D&D Bancorp by 25.6% during the 2nd quarter. Bank of America Corp DE now owns 6,352 shares of the financial services provider’s stock worth $292,000 after purchasing an additional 1,296 shares in the last quarter. Institutional investors and hedge funds own 20.05% of the company’s stock.

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.