Fifth District Bancorp, Inc. (NASDAQ:FDSB) Sees Significant Growth in Short Interest

Fifth District Bancorp, Inc. (NASDAQ:FDSB) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 6,934 shares, a growth of 51.4% from the February 26th total of 4,581 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 7,021 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FDSB. Susquehanna International Group LLP increased its stake in Fifth District Bancorp by 28.2% in 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 during the period. Mangrove Partners IM LLC boosted its stake in shares of Fifth District Bancorp by 2.1% during the third 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 stake in shares of Fifth District Bancorp by 42.0% during the third quarter. Arcus Capital Partners LLC now owns 18,897 shares of the company’s stock worth $261,000 after buying an additional 5,593 shares during the period. Marshall Wace LLP purchased a new position in shares of Fifth District Bancorp during the fourth quarter worth about $151,000. Finally, TruWealth Advisors LLC purchased a new position in shares of Fifth District Bancorp during the third quarter worth about $484,000.

Analyst Ratings Changes

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

Fifth District Bancorp Stock Performance

FDSB traded up $0.07 during trading on Friday, hitting $14.87. 3,142 shares of the stock were exchanged, compared to its average volume of 6,856. The firm has a market capitalization of $78.66 million, a P/E ratio of 18.36 and a beta of 0.47. Fifth District Bancorp has a 1-year low of $11.35 and a 1-year high of $15.64. The stock has a fifty day moving average price of $14.96 and a two-hundred day moving average price of $14.28. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.05.

Fifth District Bancorp (NASDAQ:FDSB) last posted its quarterly earnings data on Tuesday, March 24th. The company reported $0.11 earnings per share for the quarter. The business had revenue of $3.65 million during the quarter. Fifth District Bancorp had a return on equity of 3.15% and a net margin of 15.43%.

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.