Fidelity D&D Bancorp (NASDAQ:FDBC) Posts Earnings Results

Fidelity D&D Bancorp (NASDAQ:FDBC) issued its earnings results on Wednesday. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, Zacks reports. Fidelity D&D Bancorp had a net margin of 19.03% and a return on equity of 12.10%.

Fidelity D&D Bancorp Trading Down 1.3%

Shares of NASDAQ FDBC traded down $0.59 during midday trading on Wednesday, hitting $43.10. 730 shares of the company traded hands, compared to its average volume of 6,986. Fidelity D&D Bancorp has a 12-month low of $37.00 and a 12-month high of $50.00. The firm has a market cap of $248.66 million, a P/E ratio of 9.56 and a beta of 0.95. The stock has a 50-day moving average price of $44.50 and a 200 day moving average price of $43.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.82 and a current ratio of 0.82.

Fidelity D&D Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 13th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, February 13th. This represents a $1.72 annualized dividend and a dividend yield of 4.0%. Fidelity D&D Bancorp’s payout ratio is currently 38.14%.

Insider Buying and Selling

In other news, Chairman Brian J. Cali bought 1,951 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was purchased at an average price of $44.50 per share, with a total value of $86,819.50. Following the transaction, the chairman owned 417,771 shares of the company’s stock, valued at approximately $18,590,809.50. The trade was a 0.47% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel J. Santaniello purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average price of $44.50 per share, for a total transaction of $44,500.00. Following the completion of the transaction, the chief executive officer directly owned 60,411 shares of the company’s stock, valued at $2,688,289.50. This represents a 1.68% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 18.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fidelity D&D Bancorp

Several large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its holdings in Fidelity D&D Bancorp by 148.9% in the third quarter. BNP Paribas Financial Markets now owns 1,185 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 709 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Fidelity D&D Bancorp during the second quarter valued at approximately $56,000. Tower Research Capital LLC TRC lifted its position in Fidelity D&D Bancorp by 430.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,251 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 1,015 shares in the last quarter. Curi Capital LLC purchased a new stake in Fidelity D&D Bancorp during the 2nd quarter valued at $201,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Fidelity D&D Bancorp by 21.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,925 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 870 shares in the last quarter. 20.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity D&D Bancorp in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

About Fidelity D&D Bancorp

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.