Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) Sees Large Drop in Short Interest

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 49,600 shares, a drop of 5.7% from the March 15th total of 52,600 shares. Based on an average daily volume of 5,900 shares, the short-interest ratio is currently 8.4 days. Currently, 1.1% of the shares of the company are sold short.

Fidelity D & D Bancorp Price Performance

NASDAQ:FDBC traded down $0.01 during mid-day trading on Wednesday, reaching $45.50. The stock had a trading volume of 864 shares, compared to its average volume of 5,660. The stock has a 50-day simple moving average of $47.80 and a two-hundred day simple moving average of $49.76. The stock has a market capitalization of $264.36 million, a PE ratio of 14.27 and a beta of 0.64. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.78 and a quick ratio of 0.78. Fidelity D & D Bancorp has a 12 month low of $35.51 and a 12 month high of $60.85.

Fidelity D & D Bancorp (NASDAQ:FDBC) last posted its earnings results on Wednesday, January 24th. The financial services provider reported $0.97 earnings per share for the quarter. The firm had revenue of $12.96 million for the quarter. Fidelity D & D Bancorp had a net margin of 17.30% and a return on equity of 13.16%.

Insider Buying and Selling

In other Fidelity D & D Bancorp news, Chairman Brian J. Cali purchased 1,250 shares of Fidelity D & D Bancorp stock in a transaction that occurred on Tuesday, February 20th. The stock was acquired at an average price of $46.96 per share, for a total transaction of $58,700.00. Following the completion of the acquisition, the chairman now owns 390,709 shares of the company’s stock, valued at approximately $18,347,694.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, COO Eugene J. Walsh sold 545 shares of Fidelity D & D Bancorp stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $49.47, for a total value of $26,961.15. Following the completion of the sale, the chief operating officer now directly owns 13,735 shares in the company, valued at $679,470.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Brian J. Cali purchased 1,250 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was acquired at an average price of $46.96 per share, with a total value of $58,700.00. Following the completion of the transaction, the chairman now owns 390,709 shares of the company’s stock, valued at approximately $18,347,694.64. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 1,486 shares of company stock worth $73,067. Company insiders own 17.68% of the company’s stock.

Institutional Trading of Fidelity D & D Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC bought a new stake in shares of Fidelity D & D Bancorp in the first quarter worth $28,000. Tower Research Capital LLC TRC bought a new stake in shares of Fidelity D & D Bancorp in the third quarter worth $25,000. UBS Group AG grew its stake in shares of Fidelity D & D Bancorp by 573.5% in the third quarter. UBS Group AG now owns 761 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 648 shares during the last quarter. BNP Paribas Arbitrage SNC grew its stake in shares of Fidelity D & D Bancorp by 13,488.9% in the second quarter. BNP Paribas Arbitrage SNC now owns 1,223 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 1,214 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Fidelity D & D Bancorp by 189.4% in the second quarter. Barclays PLC now owns 1,421 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 930 shares during the last quarter. Institutional investors own 20.05% of the company’s stock.

Fidelity D & D Bancorp Company Profile

Fidelity D & D Bancorp, Inc operates as the bank holding company for The Fidelity Deposit and Discount Bank that provides a range of banking, trust, and financial services to individuals, small businesses, and corporate customers. The company accepts savings, club, interest-bearing and non-interest-bearing checking, money market, and short- and long-term time deposits, as well as certificates of deposit.