Fidelity D & D Bancorp (NASDAQ:FDBC) Trading Up 1% - Here's Why

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC - Get Free Report)'s stock price shot up 1% during trading on Friday . The stock traded as high as $53.66 and last traded at $53.66. 2,315 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 7,481 shares. The stock had previously closed at $53.13.

Fidelity D & D Bancorp Stock Up 1.0 %

The company has a 50-day moving average of $52.60 and a two-hundred day moving average of $49.67. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $308.01 million, a PE ratio of 20.02 and a beta of 0.58.

Fidelity D & D Bancorp (NASDAQ:FDBC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.86 earnings per share for the quarter. Fidelity D & D Bancorp had a return on equity of 10.48% and a net margin of 13.30%. The firm had revenue of $32.28 million for the quarter. During the same period in the previous year, the firm earned $0.93 earnings per share.

Fidelity D & D Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.98%. This is an increase from Fidelity D & D Bancorp's previous quarterly dividend of $0.38. The ex-dividend date is Friday, November 15th. Fidelity D & D Bancorp's payout ratio is presently 59.70%.

Insider Buying and Selling

In other Fidelity D & D Bancorp news, CEO Daniel J. Santaniello sold 500 shares of Fidelity D & D Bancorp stock in a transaction on Friday, September 20th. The shares were sold at an average price of $53.00, for a total value of $26,500.00. Following the sale, the chief executive officer now directly owns 54,882 shares in the company, valued at approximately $2,908,746. The trade was a 0.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alan Silverman sold 2,000 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $51.50, for a total transaction of $103,000.00. Following the transaction, the director now directly owns 19,049 shares of the company's stock, valued at $981,023.50. This trade represents a 9.50 % decrease in their position. The disclosure for this sale can be found here. 21.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fidelity D & D Bancorp

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Fidelity D & D Bancorp by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 227,459 shares of the financial services provider's stock valued at $11,016,000 after acquiring an additional 4,163 shares during the last quarter. Geode Capital Management LLC lifted its position in Fidelity D & D Bancorp by 1.9% during the third quarter. Geode Capital Management LLC now owns 109,925 shares of the financial services provider's stock valued at $5,424,000 after purchasing an additional 2,099 shares during the last quarter. State Street Corp grew its stake in shares of Fidelity D & D Bancorp by 3.3% in the 3rd quarter. State Street Corp now owns 71,231 shares of the financial services provider's stock worth $3,515,000 after buying an additional 2,280 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Fidelity D & D Bancorp by 6.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 32,501 shares of the financial services provider's stock worth $1,424,000 after buying an additional 1,830 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Fidelity D & D Bancorp by 59.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 31,035 shares of the financial services provider's stock worth $1,359,000 after buying an additional 11,540 shares during the last quarter. Hedge funds and other institutional investors own 20.05% of the company's stock.

Fidelity D & D Bancorp Company Profile

Fidelity D & D Bancorp, Inc operates as the bank holding company for The Fidelity Deposit and Discount Bank that provides a range of banking, trust, and financial services to individuals, small businesses, and corporate customers. The company accepts savings, club, interest-bearing and non-interest-bearing checking, money market, and short- and long-term time deposits, as well as certificates of deposit.