Fidelity D&D Bancorp (NASDAQ:FDBC) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Analyst Ratings Changes

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

Fidelity D&D Bancorp Stock Down 1.1%

The stock has a market cap of $304.79 million, a price-to-earnings ratio of 9.99 and a beta of 0.83. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.02. The firm’s 50 day moving average is $49.97 and its two-hundred day moving average is $46.64.

Fidelity D&D Bancorp (NASDAQ:FDBC) last released its quarterly 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 net margin of 21.12% and a return on equity of 12.88%. The company had revenue of $26.24 million for the quarter.

Fidelity D&D Bancorp Announces Dividend

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

Institutional Trading of Fidelity D&D Bancorp

A number of hedge funds have recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co purchased a new stake in Fidelity D&D Bancorp in the 4th quarter worth approximately $25,000. Royal Bank of Canada raised its holdings in Fidelity D&D Bancorp by 154.7% in the 4th quarter. Royal Bank of Canada now owns 647 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 393 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Fidelity D&D Bancorp by 148.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,185 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 709 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Fidelity D&D Bancorp during the 2nd quarter worth $56,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Fidelity D&D Bancorp by 430.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,251 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 1,015 shares during the period. Institutional investors and hedge funds own 20.05% of the company’s stock.

Fidelity D&D Bancorp Company Profile

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.