Fidelity D&D Bancorp (NASDAQ:FDBC) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $44.53 and traded as low as $43.51. Fidelity D&D Bancorp shares last traded at $43.51, with a volume of 4,855 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity D&D Bancorp in a report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Fidelity D&D Bancorp currently has an average rating of “Hold”.

Fidelity D&D Bancorp Price Performance

The business has a 50 day moving average of $44.82 and a 200 day moving average of $44.53. The company has a market cap of $251.05 million, a PE ratio of 8.93 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.82 and a quick ratio of 0.82.

Fidelity D&D Bancorp (NASDAQ:FDBC) last issued its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter. Fidelity D&D Bancorp had a net margin of 20.08% and a return on equity of 12.84%. The business had revenue of $25.57 million for the quarter.

Fidelity D&D Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 13th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, February 13th. Fidelity D&D Bancorp’s dividend payout ratio is presently 35.32%.

Insider Buying and Selling

In related news, Vice Chairman Michael J. Mcdonald acquired 10,414 shares of the stock in a transaction on Thursday, February 5th. The stock was acquired at an average cost of $48.01 per share, for a total transaction of $499,976.14. Following the completion of the acquisition, the insider directly owned 181,228 shares of the company’s stock, valued at approximately $8,700,756.28. This represents a 6.10% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co bought a new stake in shares of Fidelity D&D Bancorp during the fourth quarter valued at approximately $25,000. Royal Bank of Canada lifted its position in Fidelity D&D Bancorp by 154.7% during the fourth quarter. Royal Bank of Canada now owns 647 shares of the financial services provider’s stock valued at $28,000 after buying an additional 393 shares during the period. Siena Capital Partners GP LLC bought a new stake in shares of Fidelity D&D Bancorp during the 3rd quarter valued at $39,000. BNP Paribas Financial Markets grew its position in shares of Fidelity D&D Bancorp by 148.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,185 shares of the financial services provider’s stock worth $52,000 after buying an additional 709 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Fidelity D&D Bancorp in the 2nd quarter worth about $56,000. Institutional investors 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.