Fifth District Bancorp (NASDAQ:FDSB) Trading 0.6% Higher – What’s Next?

Fifth District Bancorp, Inc. (NASDAQ:FDSB)’s share price traded up 0.6% during trading on Friday . The company traded as high as $18.49 and last traded at $18.36. 14,111 shares changed hands during trading, an increase of 111% from the average session volume of 6,688 shares. The stock had previously closed at $18.25.

Wall Street Analysts Forecast Growth

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

Fifth District Bancorp Price Performance

The stock has a market capitalization of $96.21 million, a P/E ratio of 54.00 and a beta of 0.20. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.06 and a quick ratio of 1.05. The company’s 50-day simple moving average is $16.92 and its 200-day simple moving average is $15.66.

Fifth District Bancorp (NASDAQ:FDSB) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.08 EPS for the quarter. The company 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%.

Insider Transactions at Fifth District Bancorp

In related news, Director Linda A. Sins sold 2,692 shares of Fifth District Bancorp stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $15.02, for a total transaction of $40,433.84. Following the completion of the transaction, the director owned 4,700 shares in the company, valued at approximately $70,594. This trade represents a 36.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 8.60% of the company’s stock.

Institutional Trading of Fifth District Bancorp

A number of hedge funds have recently made changes to their positions in FDSB. Renaissance Technologies LLC increased its holdings in shares of Fifth District Bancorp by 427.7% during the 4th quarter. Renaissance Technologies LLC now owns 63,321 shares of the company’s stock worth $950,000 after acquiring an additional 51,321 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in Fifth District Bancorp by 28.2% during the 3rd quarter. Susquehanna International Group LLP now owns 13,149 shares of the company’s stock valued at $182,000 after purchasing an additional 2,894 shares during the last quarter. Alliancebernstein L.P. boosted its position in Fifth District Bancorp by 56.0% during the third quarter. Alliancebernstein L.P. now owns 133,954 shares of the company’s stock worth $1,853,000 after purchasing an additional 48,103 shares during the period. Marshall Wace LLP bought a new position in Fifth District Bancorp during the fourth quarter worth $151,000. Finally, BlackRock Inc. acquired a new position in shares of Fifth District Bancorp in the second quarter valued at $519,000.

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.