Fidelity D&D Bancorp (NASDAQ:FDBC) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $47.20 and traded as high as $51.69. Fidelity D&D Bancorp shares last traded at $51.42, with a volume of 9,539 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity D&D Bancorp in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Fidelity D&D Bancorp Trading Up 0.0%

The firm has a market cap of $298.75 million, a P/E ratio of 10.04 and a beta of 0.85. The business’s 50 day moving average is $47.20 and its 200-day moving average is $45.66. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.02.

Fidelity D&D Bancorp (NASDAQ:FDBC) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.28 EPS for the quarter. The firm had revenue of $19.41 million for the quarter. Fidelity D&D Bancorp had a net margin of 20.78% and a return on equity of 12.75%.

Fidelity D&D Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Wednesday, May 20th. Fidelity D&D Bancorp’s dividend payout ratio is 33.59%.

Hedge Funds Weigh In On Fidelity D&D Bancorp

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Fidelity D&D Bancorp by 0.7% in the third quarter. Vanguard Group Inc. now owns 247,519 shares of the financial services provider’s stock valued at $10,849,000 after buying an additional 1,677 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Fidelity D&D Bancorp by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 114,262 shares of the financial services provider’s stock worth $4,975,000 after acquiring an additional 508 shares in the last quarter. Fidelity D & D Bancorp Inc. increased its holdings in shares of Fidelity D&D Bancorp by 14.4% in the 2nd quarter. Fidelity D & D Bancorp Inc. now owns 113,729 shares of the financial services provider’s stock valued at $5,232,000 after acquiring an additional 14,327 shares during the last quarter. State Street Corp increased its holdings in shares of Fidelity D&D Bancorp by 0.8% in the 4th quarter. State Street Corp now owns 74,530 shares of the financial services provider’s stock valued at $3,244,000 after acquiring an additional 607 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Fidelity D&D Bancorp by 13.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 26,741 shares of the financial services provider’s stock valued at $1,164,000 after acquiring an additional 3,121 shares in the last quarter. 20.05% of the stock is currently owned by institutional investors and hedge funds.

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.