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

Fifth District Bancorp (NASDAQ:FDSB) released its quarterly earnings results on Monday. The company reported $0.08 earnings per share for the quarter, FiscalAI reports. The business had revenue of $3.96 million during the quarter. Fifth District Bancorp had a net margin of 6.97% and a return on equity of 1.27%.

Fifth District Bancorp Stock Performance

FDSB traded down $0.03 during trading hours on Wednesday, hitting $17.98. 807 shares of the stock were exchanged, compared to its average volume of 8,313. The stock has a 50-day simple moving average of $16.73 and a 200-day simple moving average of $15.60. Fifth District Bancorp has a 12 month low of $13.00 and a 12 month high of $18.00. The stock has a market cap of $94.64 million, a price-to-earnings ratio of 52.87 and a beta of 0.20. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.05 and a quick ratio of 1.05.

Insiders Place Their Bets

In other Fifth District Bancorp news, Director Linda A. Sins sold 2,692 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $15.02, for a total transaction of $40,433.84. Following the sale, the director directly owned 4,700 shares of the company’s stock, valued at approximately $70,594. This represents a 36.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fifth District Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Fifth District Bancorp during the 2nd quarter valued at approximately $519,000. Marshall Wace LLP acquired a new stake in Fifth District Bancorp in the fourth quarter worth $151,000. Renaissance Technologies LLC lifted its stake in Fifth District Bancorp by 427.7% in the fourth quarter. Renaissance Technologies LLC now owns 63,321 shares of the company’s stock valued at $950,000 after buying an additional 51,321 shares during the last quarter. Susquehanna International Group LLP lifted its stake in Fifth District Bancorp by 28.2% in the third quarter. Susquehanna International Group LLP now owns 13,149 shares of the company’s stock valued at $182,000 after buying an additional 2,894 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Fifth District Bancorp by 56.0% during the third quarter. Alliancebernstein L.P. now owns 133,954 shares of the company’s stock valued at $1,853,000 after acquiring an additional 48,103 shares during the period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Fifth District Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Fifth District Bancorp Company Profile

Fifth District Bancorp is a bank holding company headquartered in Vienna, Virginia. Through its principal subsidiary, Fifth District Bank, the company offers a full suite of commercial and retail banking services designed to meet the needs of individuals, small businesses and middle-market enterprises. Operating under a national bank charter, Fifth District Bancorp focuses on relationship-driven service, providing its clients with personalized financial solutions and responsive customer support.

The bank’s core business activities include deposit-taking, commercial and industrial lending, mortgage banking, and wealth management.