Fifth District Bancorp (NASDAQ:FDSB) Posts Quarterly Earnings Results

Fifth District Bancorp (NASDAQ:FDSB) issued its earnings results on Tuesday. The company reported $0.07 EPS for the quarter, FiscalAI reports. Fifth District Bancorp had a net margin of 6.83% and a return on equity of 1.26%. The company had revenue of $4.00 million during the quarter.

Fifth District Bancorp Price Performance

Shares of FDSB traded up $0.06 during mid-day trading on Thursday, reaching $17.62. The company had a trading volume of 367 shares, compared to its average volume of 7,534. The company’s 50 day simple moving average is $17.70 and its 200 day simple moving average is $16.33. Fifth District Bancorp has a 1-year low of $13.00 and a 1-year high of $18.69. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $92.28 million, a price-to-earnings ratio of 51.84 and a beta of 0.24.

Hedge Funds Weigh In On Fifth District Bancorp

Institutional investors have recently added to or reduced their stakes in the stock. Beacon Pointe Advisors LLC acquired a new position in shares of Fifth District Bancorp during the second quarter worth $162,000. BlackRock Inc. bought a new position in shares of Fifth District Bancorp in the 2nd quarter valued at $519,000. Finally, Waverly Advisors LLC acquired a new stake in shares of Fifth District Bancorp during the 2nd quarter valued at $856,000.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Fifth District Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Fifth District Bancorp has an average rating of “Hold”.

Fifth District Bancorp Company Profile

Fifth District Bancorp, Inc. is the holding company for Fifth District Savings Bank, a community-oriented savings institution headquartered in New Orleans, Louisiana. The bank provides traditional banking services to individuals, families, and businesses, including deposit accounts, residential mortgage lending, consumer loans, and commercial real estate and business lending. Fifth District Savings Bank has served the New Orleans area for nearly a century, with roots dating to its founding in 1926.