Fidelity D&D Bancorp (NASDAQ:FDBC) Stock Crosses Above 200 Day Moving Average – What’s Next?

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $46.64 and traded as high as $53.19. Fidelity D&D Bancorp shares last traded at $52.46, with a volume of 8,293 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity D&D Bancorp in a research report on Friday, July 17th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Fidelity D&D Bancorp presently has a consensus rating of “Hold”.

Fidelity D&D Bancorp Trading Up 0.3%

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 fifty day simple moving average of $50.11 and a two-hundred day simple moving average of $46.69. The firm has a market capitalization of $305.61 million, a P/E ratio of 10.02 and a beta of 0.83.

Fidelity D&D Bancorp (NASDAQ:FDBC) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $1.33 earnings per share (EPS) for the quarter. Fidelity D&D Bancorp had a return on equity of 12.88% and a net margin of 21.12%.The firm had revenue of $26.24 million for the quarter.

Fidelity D&D Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, August 14th. Fidelity D&D Bancorp’s payout ratio is currently 32.76%.

Hedge Funds Weigh In On Fidelity D&D Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Siena Capital Partners GP LLC raised its position in shares of Fidelity D&D Bancorp by 2,289.6% in the fourth 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. Quantinno Capital Management LP purchased a new position in Fidelity D&D Bancorp in the 2nd quarter valued at approximately $679,000. Fidelity D & D Bancorp Inc. raised its holdings in Fidelity D&D Bancorp by 14.4% during the 2nd quarter. Fidelity D & D Bancorp Inc. now owns 113,729 shares of the financial services provider’s stock valued at $5,232,000 after acquiring an additional 14,327 shares during the period. Millennium Management LLC lifted its position in shares of Fidelity D&D Bancorp by 125.3% during the third quarter. Millennium Management LLC now owns 14,140 shares of the financial services provider’s stock worth $620,000 after acquiring an additional 7,863 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of Fidelity D&D Bancorp by 65.0% during the third quarter. Citadel Advisors LLC now owns 19,764 shares of the financial services provider’s stock worth $866,000 after acquiring an additional 7,789 shares in the last quarter. Institutional investors 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.