Fidelity D&D Bancorp (NASDAQ:FDBC) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $47.06 and traded as high as $54.52. Fidelity D&D Bancorp shares last traded at $54.52, with a volume of 5,289 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Fidelity D&D Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Fidelity D&D Bancorp Stock Up 1.2%

The business has a fifty day moving average of $50.92 and a 200 day moving average of $47.06. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.02. The firm has a market cap of $316.76 million, a P/E ratio of 10.38 and a beta of 0.84.

Fidelity D&D Bancorp (NASDAQ:FDBC) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $1.33 EPS for the quarter. The firm had revenue of $20.76 million during the quarter. Fidelity D&D Bancorp had a net margin of 21.12% and a return on equity of 12.88%.

Fidelity D&D Bancorp Announces Dividend

The company also recently declared 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 of this dividend is Friday, August 14th. This represents a $1.72 dividend on an annualized basis and a yield of 3.2%. Fidelity D&D Bancorp’s dividend payout ratio is 32.76%.

Hedge Funds Weigh In On Fidelity D&D Bancorp

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in shares of Fidelity D&D Bancorp in the first quarter valued at $259,000. Geode Capital Management LLC grew its stake in shares of Fidelity D&D Bancorp by 1.7% in 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 acquiring an additional 1,945 shares in the last quarter. Quantinno Capital Management LP bought a new position in Fidelity D&D Bancorp during the second quarter worth about $679,000. Raymond James Financial Inc. acquired a new stake in Fidelity D&D Bancorp in the 2nd quarter worth about $56,000. Finally, Bank of America Corp DE boosted its holdings in Fidelity D&D Bancorp by 25.6% in the 2nd quarter. Bank of America Corp DE now owns 6,352 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 1,296 shares during the period. 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.