Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) Short Interest Update
Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) experienced a significant 30.1% drop in short interest in December, totaling 19,425 shares as of December 31. Currently, 0.4% of the stock is sold short, with a days-to-cover ratio of 2.1 days based on an average daily trading volume of 9,214 shares. Additionally, Chairman Brian J. Cali and CEO Daniel J. Santaniello made recent stock purchases, increasing their holdings. Institutional investors own 20.05% of the stock, and FDBC shares traded at $44.00, with a market cap of $253.88 million and a PE ratio of 9.76.
Fidelity D&D Bancorp Inc. (NASDAQ:FDBC - Get Free Report) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 19,425 shares, a decrease of 30.1% from the December 15th total of 27,782 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 9,214 shares, the short-interest ratio is currently 2.1 days. Based on an average trading volume of 9,214 shares, the short-interest ratio is currently 2.1 days. Currently, 0.4% of the shares of the stock are sold short.
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Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Fidelity D&D Bancorp in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold".
Read Our Latest Stock Analysis on FDBC
Insider Activity at Fidelity D&D Bancorp
In other news, Chairman Brian J. Cali bought 1,951 shares of the stock in a transaction on Monday, November 10th. The shares were acquired at an average cost of $44.50 per share, for a total transaction of $86,819.50. Following the purchase, the chairman directly owned 417,771 shares of the company's stock, valued at $18,590,809.50. This trade represents a 0.47% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel J. Santaniello purchased 1,000 shares of Fidelity D&D Bancorp stock in a transaction dated Monday, November 10th. The shares were purchased at an average price of $44.50 per share, with a total value of $44,500.00. Following the completion of the transaction, the chief executive officer directly owned 60,411 shares in the company, valued at approximately $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. Corporate insiders own 21.00% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of FDBC. Quantinno Capital Management LP purchased a new position in shares of Fidelity D&D Bancorp during the second quarter worth approximately $679,000. Fidelity D & D Bancorp Inc. raised its position in Fidelity D&D Bancorp by 14.4% in the 2nd quarter. Fidelity D & D Bancorp Inc. now owns 113,729 shares of the financial services provider's stock worth $5,232,000 after purchasing an additional 14,327 shares during the period. Millennium Management LLC lifted its stake in Fidelity D&D Bancorp by 125.3% in the third quarter. Millennium Management LLC now owns 14,140 shares of the financial services provider's stock worth $620,000 after purchasing an additional 7,863 shares during the last quarter. Citadel Advisors LLC lifted its stake in Fidelity D&D Bancorp by 65.0% in the third quarter. Citadel Advisors LLC now owns 19,764 shares of the financial services provider's stock worth $866,000 after purchasing an additional 7,789 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Fidelity D&D Bancorp during the first quarter valued at about $259,000. 20.05% of the stock is currently owned by institutional investors.
Fidelity D&D Bancorp Price Performance
Shares of NASDAQ FDBC traded up $0.04 during mid-day trading on Friday, reaching $44.00. 6,211 shares of the company were exchanged, compared to its average volume of 7,053. Fidelity D&D Bancorp has a 52 week low of $37.00 and a 52 week high of $50.00. The company's 50 day moving average price is $44.49 and its 200 day moving average price is $44.07. The stock has a market capitalization of $253.88 million, a PE ratio of 9.76 and a beta of 0.95. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03.
Fidelity D&D Bancorp (NASDAQ:FDBC - Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $1.27 earnings per share for the quarter. Fidelity D&D Bancorp had a return on equity of 12.10% and a net margin of 19.03%.The business had revenue of $23.53 million for the quarter.
Fidelity D&D Bancorp Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Friday, November 14th. This is a positive change from Fidelity D&D Bancorp's previous quarterly dividend of $0.40. Fidelity D&D Bancorp's dividend payout ratio is presently 38.14%.
Fidelity D&D Bancorp Company Profile
(Get Free Report)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.
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