Fidelity D&D Bancorp (NASDAQ:FDBC) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.23 and traded as low as $43.12. Fidelity D&D Bancorp shares last traded at $43.18, with a volume of 7,975 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity D&D Bancorp in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Fidelity D&D Bancorp Trading Down 3.1%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $249.15 million, a price-to-earnings ratio of 9.57 and a beta of 1.08. The firm has a fifty day moving average price of $44.06 and a 200-day moving average price of $43.23.

Fidelity D&D Bancorp (NASDAQ:FDBC) last posted its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $1.27 earnings per share for the quarter. The business had revenue of $23.53 million during the quarter. Fidelity D&D Bancorp had a net margin of 19.03% and a return on equity of 12.10%.

Fidelity D&D Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.43 per share. This is a boost from Fidelity D&D Bancorp’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.0%. Fidelity D&D Bancorp’s payout ratio is currently 38.14%.

Insider Buying and Selling

In other Fidelity D&D Bancorp news, Chairman Brian J. Cali bought 1,951 shares of Fidelity D&D Bancorp stock in a transaction on Monday, November 10th. The shares were purchased at an average price of $44.50 per share, with a total value of $86,819.50. Following the acquisition, the chairman owned 417,771 shares in the company, valued at $18,590,809.50. This trade represents a 0.47% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel J. Santaniello purchased 1,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was acquired at an average price of $44.50 per share, for a total transaction of $44,500.00. Following the purchase, the chief executive officer owned 60,411 shares in the company, valued at approximately $2,688,289.50. The trade was a 1.68% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 3,227 shares of company stock worth $142,981 over the last three months. 18.37% of the stock is currently owned by insiders.

Institutional Trading of Fidelity D&D Bancorp

Several large investors have recently bought and sold shares of FDBC. Meeder Asset Management Inc. bought a new position in Fidelity D&D Bancorp in the first quarter valued at about $90,000. PNC Financial Services Group Inc. boosted its stake in shares of Fidelity D&D Bancorp by 7.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,284 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 570 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Fidelity D&D Bancorp by 5.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,705 shares of the financial services provider’s stock valued at $570,000 after purchasing an additional 684 shares during the last quarter. Nuveen LLC acquired a new position in Fidelity D&D Bancorp during the 1st quarter worth approximately $378,000. Finally, Jane Street Group LLC bought a new position in Fidelity D&D Bancorp in the 1st quarter valued at approximately $259,000. 20.05% of the stock is owned by institutional investors and hedge funds.

Fidelity D&D Bancorp Company Profile

Fidelity D&D Bancorp, Inc is a holding company, which engages in the provision of commercial banking services. It operates through the following segments: Commercial and Industrial, Commercial Real Estate, Consumer, and Residential Real Estate. The Commercial and Industrial segment refers to identified historic and/or the projected cash flows of the borrower and secondarily to the underlying collateral provided by the borrower.