Fifth District Bancorp, Inc. (NASDAQ:FDSB) Short Interest Update

Fifth District Bancorp, Inc. (NASDAQ:FDSB) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 6,839 shares, a growth of 27.5% from the January 15th total of 5,366 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,291 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 7,291 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.1% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FDSB. Weiss Ratings reiterated a “sell (d)” rating on shares of Fifth District Bancorp in a research report on Thursday, January 22nd. Wall Street Zen upgraded Fifth District Bancorp to a “hold” rating in a research report on Saturday, December 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Fifth District Bancorp presently has a consensus rating of “Sell”.

Fifth District Bancorp Price Performance

Shares of NASDAQ FDSB traded down $0.03 during midday trading on Monday, hitting $15.09. The company had a trading volume of 340 shares, compared to its average volume of 6,554. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $83.27 million, a price-to-earnings ratio of 20.66 and a beta of 0.44. Fifth District Bancorp has a twelve month low of $11.35 and a twelve month high of $15.64. The business has a 50-day simple moving average of $14.85 and a two-hundred day simple moving average of $14.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FDSB. Fourthstone LLC acquired a new stake in shares of Fifth District Bancorp in the 2nd quarter worth approximately $1,128,000. Renaissance Technologies LLC grew its holdings in shares of Fifth District Bancorp by 427.7% during the 4th quarter. Renaissance Technologies LLC now owns 63,321 shares of the company’s stock worth $950,000 after purchasing an additional 51,321 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Fifth District Bancorp by 56.0% in 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. TruWealth Advisors LLC bought a new position in Fifth District Bancorp in the third quarter worth $484,000. Finally, Marshall Wace LLP bought a new position in Fifth District Bancorp during the fourth quarter worth about $151,000.

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.