Fifth District Bancorp (NASDAQ:FDSB) Issues Earnings Results

Fifth District Bancorp (NASDAQ:FDSB) posted its quarterly earnings data on Tuesday. The company reported $0.11 earnings per share for the quarter, FiscalAI reports. Fifth District Bancorp had a net margin of 14.27% and a return on equity of 2.88%. The company had revenue of $3.65 million for the quarter.

Fifth District Bancorp Price Performance

NASDAQ FDSB opened at $14.58 on Wednesday. The firm’s fifty day simple moving average is $14.96 and its two-hundred day simple moving average is $14.27. The firm has a market capitalization of $80.48 million, a P/E ratio of 19.97 and a beta of 0.47. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.05. Fifth District Bancorp has a 12-month low of $11.35 and a 12-month high of $15.64.

Institutional Trading of Fifth District Bancorp

A number of institutional investors have recently made changes to their positions in FDSB. Susquehanna International Group LLP grew its stake in Fifth District Bancorp by 28.2% during the 3rd 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 during the last quarter. Mangrove Partners IM LLC increased its holdings in Fifth District Bancorp by 2.1% in the 3rd quarter. Mangrove Partners IM LLC now owns 142,330 shares of the company’s stock worth $1,968,000 after buying an additional 2,925 shares during the period. Arcus Capital Partners LLC boosted its holdings in shares of Fifth District Bancorp by 42.0% in the 3rd quarter. Arcus Capital Partners LLC now owns 18,897 shares of the company’s stock valued at $261,000 after acquiring an additional 5,593 shares during the last quarter. Marshall Wace LLP purchased a new position in Fifth District Bancorp during the fourth quarter valued at approximately $151,000. Finally, TruWealth Advisors LLC acquired a new stake in Fifth District Bancorp in the third quarter valued at approximately $484,000.

Wall Street Analyst Weigh In

FDSB has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Fifth District Bancorp in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Fifth District Bancorp to a “hold” rating in a report on Saturday, December 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Fifth District Bancorp presently has an average rating of “Sell”.

Fifth District Bancorp Company Profile

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.