Fifth District Bancorp (NASDAQ:FDSB) Announces Earnings Results

Fifth District Bancorp (NASDAQ:FDSB) released its earnings results on Tuesday. The company reported $0.08 earnings per share for the quarter, FiscalAI reports. Fifth District Bancorp had a return on equity of 3.37% and a net margin of 16.35%.The business had revenue of $3.78 million for the quarter.

Fifth District Bancorp Stock Down 0.1%

Shares of FDSB traded down $0.01 during midday trading on Thursday, reaching $15.11. 8,689 shares of the stock were exchanged, compared to its average volume of 7,243. Fifth District Bancorp has a 52 week low of $11.70 and a 52 week high of $15.64. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average is $14.91 and its two-hundred day moving average is $14.57. The company has a market capitalization of $79.93 million, a P/E ratio of 17.37 and a beta of 0.32.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Fifth District Bancorp in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Fifth District Bancorp currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Fifth District Bancorp

A number of institutional investors have recently added to or reduced their stakes in the stock. Mangrove Partners IM LLC boosted its position in Fifth District Bancorp by 2.1% during the third quarter. Mangrove Partners IM LLC now owns 142,330 shares of the company’s stock valued at $1,968,000 after purchasing an additional 2,925 shares in 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 valued at $1,853,000 after purchasing an additional 48,103 shares in the last quarter. Renaissance Technologies LLC boosted its position in Fifth District Bancorp by 427.7% during the fourth quarter. Renaissance Technologies LLC now owns 63,321 shares of the company’s stock valued at $950,000 after purchasing an additional 51,321 shares in the last quarter. Arcus Capital Partners LLC boosted its position in Fifth District Bancorp by 42.0% during the third quarter. Arcus Capital Partners LLC now owns 18,897 shares of the company’s stock valued at $261,000 after purchasing an additional 5,593 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its position in Fifth District Bancorp by 28.2% during the third 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 in the last quarter.

About Fifth District Bancorp

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.