Fidelity D & D Bancorp (NASDAQ:FDBC) Share Price Crosses Below 200-Day Moving Average - Here's What Happened

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $49.59 and traded as low as $42.65. Fidelity D & D Bancorp shares last traded at $43.05, with a volume of 10,064 shares.

Fidelity D & D Bancorp Stock Performance

The stock's fifty day moving average is $44.66 and its 200-day moving average is $49.56. The stock has a market cap of $249.52 million, a price-to-earnings ratio of 12.05 and a beta of 0.54. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.04.

Fidelity D & D Bancorp (NASDAQ:FDBC - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter. Fidelity D & D Bancorp had a return on equity of 10.49% and a net margin of 16.50%.

Fidelity D & D Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date was Friday, February 14th. Fidelity D & D Bancorp's dividend payout ratio (DPR) is 44.32%.

Insiders Place Their Bets

In other Fidelity D & D Bancorp news, Chairman Brian J. Cali acquired 880 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was purchased at an average price of $44.00 per share, with a total value of $38,720.00. Following the completion of the acquisition, the chairman now directly owns 403,439 shares in the company, valued at $17,751,316. This trade represents a 0.22 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 21.00% of the stock is owned by insiders.

Remove Ads

Hedge Funds Weigh In On Fidelity D & D Bancorp

Several hedge funds have recently modified their holdings of the company. Liberty Square Wealth Partners LLC acquired a new stake in shares of Fidelity D & D Bancorp during the fourth quarter worth approximately $1,621,000. JPMorgan Chase & Co. increased its holdings in shares of Fidelity D & D Bancorp by 129.3% during the 4th quarter. JPMorgan Chase & Co. now owns 20,373 shares of the financial services provider's stock valued at $994,000 after acquiring an additional 11,488 shares during the last quarter. Barclays PLC raised its holdings in Fidelity D & D Bancorp by 170.6% in the 3rd quarter. Barclays PLC now owns 8,061 shares of the financial services provider's stock worth $398,000 after acquiring an additional 5,082 shares during the period. Deutsche Bank AG grew its stake in shares of Fidelity D & D Bancorp by 85.9% in the fourth quarter. Deutsche Bank AG now owns 6,624 shares of the financial services provider's stock worth $323,000 after acquiring an additional 3,061 shares during the last quarter. Finally, State Street Corp increased its stake in Fidelity D & D Bancorp by 3.3% during the third quarter. State Street Corp now owns 71,231 shares of the financial services provider's stock valued at $3,515,000 after acquiring an additional 2,280 shares during the period. 20.05% of the stock is currently owned by institutional investors and hedge funds.

About Fidelity D & D Bancorp

Fidelity D&D Bancorp, Inc is a holding company, which engages in the provision of commercial banking services. It operates through the following segments: Commercial and Industrial, Commercial Real Estate, Consumer, and Residential Real Estate. The Commercial and Industrial segment refers to identified historic and/or the projected cash flows of the borrower and secondarily to the underlying collateral provided by the borrower.