Fidelity D&D Bancorp (NASDAQ:FDBC) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $44.53 and traded as low as $43.51. Fidelity D&D Bancorp shares last traded at $43.51, with a volume of 4,855 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity D&D Bancorp in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Fidelity D&D Bancorp Trading Down 3.8%

The firm has a 50-day moving average price of $44.82 and a 200-day moving average price of $44.53. The stock has a market cap of $251.05 million, a PE ratio of 8.93 and a beta of 0.90. 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 (NASDAQ:FDBC) last released its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $1.37 earnings per share for the quarter. The business had revenue of $25.57 million during the quarter. Fidelity D&D Bancorp had a net margin of 20.08% and a return on equity of 12.84%.

Fidelity D&D Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 13th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, February 13th. Fidelity D&D Bancorp’s payout ratio is presently 35.32%.

Insider Transactions at Fidelity D&D Bancorp

In other Fidelity D&D Bancorp news, Vice Chairman Michael J. Mcdonald acquired 10,414 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were acquired at an average cost of $48.01 per share, with a total value of $499,976.14. Following the transaction, the insider owned 181,228 shares of the company’s stock, valued at $8,700,756.28. The trade was a 6.10% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 21.00% of the company’s stock.

Institutional Investors Weigh In On Fidelity D&D Bancorp

Hedge funds have recently added to or reduced their stakes in the stock. Siena Capital Partners GP LLC boosted its stake in shares of Fidelity D&D Bancorp by 2,289.6% in the 4th quarter. Siena Capital Partners GP LLC now owns 21,363 shares of the financial services provider’s stock worth $930,000 after buying an additional 20,469 shares during the last quarter. Quantinno Capital Management LP purchased a new position in Fidelity D&D Bancorp in the second quarter worth about $679,000. Fidelity D & D Bancorp Inc. grew its stake in shares of Fidelity D&D Bancorp by 14.4% during the 2nd quarter. Fidelity D & D Bancorp Inc. now owns 113,729 shares of the financial services provider’s stock valued at $5,232,000 after purchasing an additional 14,327 shares during the period. Millennium Management LLC increased its position in shares of Fidelity D&D Bancorp by 125.3% during the 3rd quarter. Millennium Management LLC now owns 14,140 shares of the financial services provider’s stock valued at $620,000 after purchasing an additional 7,863 shares during the last quarter. Finally, Citadel Advisors LLC increased its position in shares of Fidelity D&D Bancorp by 65.0% during the 3rd quarter. Citadel Advisors LLC now owns 19,764 shares of the financial services provider’s stock valued at $866,000 after purchasing an additional 7,789 shares during the last quarter. 20.05% of the stock is currently owned by hedge funds and other institutional investors.

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.