JPMorgan Chase & Co. Boosts Stake in Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC)

JPMorgan Chase & Co. lifted its position in Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC - Free Report) by 129.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,373 shares of the financial services provider's stock after purchasing an additional 11,488 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.35% of Fidelity D & D Bancorp worth $994,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FDBC. Bank of New York Mellon Corp boosted its holdings in shares of Fidelity D & D Bancorp by 2.2% in the fourth quarter. Bank of New York Mellon Corp now owns 29,356 shares of the financial services provider's stock valued at $1,433,000 after acquiring an additional 639 shares during the period. PNC Financial Services Group Inc. boosted its stake in Fidelity D & D Bancorp by 15.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,714 shares of the financial services provider's stock worth $376,000 after purchasing an additional 1,056 shares during the period. Geode Capital Management LLC boosted its stake in Fidelity D & D Bancorp by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 109,925 shares of the financial services provider's stock worth $5,424,000 after purchasing an additional 2,099 shares during the period. State Street Corp grew its position in Fidelity D & D Bancorp by 3.3% during the 3rd quarter. State Street Corp now owns 71,231 shares of the financial services provider's stock worth $3,515,000 after purchasing an additional 2,280 shares during the last quarter. Finally, Barclays PLC increased its stake in Fidelity D & D Bancorp by 170.6% in the third quarter. Barclays PLC now owns 8,061 shares of the financial services provider's stock valued at $398,000 after purchasing an additional 5,082 shares during the period. Hedge funds and other institutional investors own 20.05% of the company's stock.

Insider Activity at Fidelity D & D Bancorp

In other news, Chairman Brian J. Cali bought 880 shares of Fidelity D & D Bancorp stock in a transaction dated Monday, February 3rd. The stock was bought at an average price of $44.00 per share, for a total transaction of $38,720.00. Following the purchase, the chairman now owns 403,439 shares of the company's stock, valued at approximately $17,751,316. The trade was a 0.22 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 21.00% of the stock is currently owned by insiders.

Fidelity D & D Bancorp Price Performance

Shares of FDBC opened at $38.28 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.80 and a current ratio of 0.80. Fidelity D & D Bancorp, Inc. has a fifty-two week low of $37.00 and a fifty-two week high of $61.21. The firm has a 50-day simple moving average of $41.91 and a 200-day simple moving average of $47.15. The company has a market capitalization of $223.63 million, a price-to-earnings ratio of 10.60 and a beta of 0.66.

Fidelity D & D Bancorp (NASDAQ:FDBC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $1.03 earnings per share for the quarter. The company had revenue of $22.01 million during the quarter. Fidelity D & D Bancorp had a return on equity of 10.49% and a net margin of 16.50%.

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.

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