Hsbc Holdings PLC Buys New Position in Fidelity D&D Bancorp Inc. $FDBC

Hsbc Holdings PLC bought a new stake in shares of Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,405 shares of the financial services provider’s stock, valued at approximately $999,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co acquired a new position in shares of Fidelity D&D Bancorp in the 4th quarter worth approximately $25,000. Royal Bank of Canada increased its position in shares of Fidelity D&D Bancorp by 154.7% during the fourth quarter. Royal Bank of Canada now owns 647 shares of the financial services provider’s stock worth $28,000 after buying an additional 393 shares during the period. BNP Paribas Financial Markets raised its stake in Fidelity D&D Bancorp by 148.9% during the third quarter. BNP Paribas Financial Markets now owns 1,185 shares of the financial services provider’s stock worth $52,000 after buying an additional 709 shares during the last quarter. Raymond James Financial Inc. bought a new position in Fidelity D&D Bancorp during the second quarter worth $56,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Fidelity D&D Bancorp by 430.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,251 shares of the financial services provider’s stock valued at $58,000 after buying an additional 1,015 shares during the period. Institutional investors own 20.05% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Fidelity D&D Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Fidelity D&D Bancorp Trading Down 1.0%

Shares of FDBC stock opened at $53.03 on Wednesday. The company has a market cap of $308.00 million, a P/E ratio of 10.10 and a beta of 0.84. The stock has a 50 day simple moving average of $52.76 and a two-hundred day simple moving average of $48.10. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.85. Fidelity D&D Bancorp Inc. has a fifty-two week low of $39.87 and a fifty-two week high of $56.14.

Fidelity D&D Bancorp (NASDAQ:FDBC) last issued its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.33 earnings per share (EPS) for the quarter. The firm had revenue of $20.76 million for the quarter. Fidelity D&D Bancorp had a return on equity of 12.67% and a net margin of 21.12%.

Fidelity D&D Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, August 14th. Fidelity D&D Bancorp’s payout ratio is presently 32.76%.

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.