Fidelity D&D Bancorp (NASDAQ:FDBC – Get Free Report) posted its earnings results on Wednesday. The financial services provider reported $1.53 EPS for the quarter, Zacks reports. Fidelity D&D Bancorp had a net margin of 21.69% and a return on equity of 13.10%. The firm had revenue of $21.81 million during the quarter.
Fidelity D&D Bancorp Stock Down 0.8%
Fidelity D&D Bancorp stock opened at $62.46 on Friday. The firm has a market cap of $362.89 million, a price-to-earnings ratio of 11.78 and a beta of 0.82. Fidelity D&D Bancorp has a 52-week low of $41.00 and a 52-week high of $62.97. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a 50 day moving average price of $55.32 and a two-hundred day moving average price of $51.10.
Fidelity D&D Bancorp Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Saturday, November 14th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, November 13th. This is a positive change from Fidelity D&D Bancorp’s previous quarterly dividend of $0.43. Fidelity D&D Bancorp’s dividend payout ratio (DPR) is 32.76%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of Fidelity D&D Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, October 6th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.
Check Out Our Latest Research Report on FDBC
Fidelity D&D Bancorp Company Profile
Fidelity D&D Bancorp, Inc is a bank holding company headquartered in Scranton, Pennsylvania. Through its principal subsidiary, Fidelity Deposit and Discount Bank, the company provides community banking services to individuals, families, businesses and nonprofit organizations.
The bank offers deposit products such as checking, savings and money market accounts, certificates of deposit and retirement accounts. Its lending activities include residential mortgages, home equity loans, consumer loans, commercial real estate financing and business loans.
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