Fidelity D & D Bancorp (NASDAQ:FDBC) Share Price Passes Above 50-Day Moving Average - Here's Why

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC - Get Free Report)'s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $51.18 and traded as high as $53.00. Fidelity D & D Bancorp shares last traded at $52.40, with a volume of 6,599 shares changing hands.

Fidelity D & D Bancorp Price Performance

The company has a 50-day simple moving average of $51.23 and a 200-day simple moving average of $48.35. The stock has a market cap of $315.19 million, a PE ratio of 20.06 and a beta of 0.58. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.79 and a quick ratio of 0.79.

Fidelity D & D Bancorp (NASDAQ:FDBC - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.86 EPS for the quarter. The company had revenue of $32.28 million during the quarter. Fidelity D & D Bancorp had a return on equity of 10.68% and a net margin of 13.30%. During the same quarter last year, the firm earned $0.93 EPS.

Fidelity D & D Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Fidelity D & D Bancorp's previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 2.91%. Fidelity D & D Bancorp's dividend payout ratio (DPR) is 59.70%.

Insider Activity at Fidelity D & D Bancorp

In other Fidelity D & D Bancorp news, CEO Daniel J. Santaniello sold 500 shares of Fidelity D & D Bancorp stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 54,882 shares in the company, valued at $2,908,746. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Alan Silverman sold 2,000 shares of the firm's stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $51.50, for a total value of $103,000.00. Following the completion of the transaction, the director now directly owns 19,049 shares of the company's stock, valued at $981,023.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Daniel J. Santaniello sold 500 shares of the business's stock in a transaction on Friday, September 20th. The shares were sold at an average price of $53.00, for a total transaction of $26,500.00. Following the completion of the sale, the chief executive officer now directly owns 54,882 shares in the company, valued at $2,908,746. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 17.68% of the stock is currently owned by corporate insiders.

Institutional Trading of Fidelity D & D Bancorp

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Fidelity D & D Bancorp by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 227,459 shares of the financial services provider's stock valued at $11,016,000 after buying an additional 4,163 shares during the period. Bank of New York Mellon Corp boosted its stake in 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 purchasing an additional 1,830 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Fidelity D & D Bancorp by 59.2% during the second 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 in the last quarter. Renaissance Technologies LLC lifted its position in shares of Fidelity D & D Bancorp by 10.2% in the second quarter. Renaissance Technologies LLC now owns 9,700 shares of the financial services provider's stock worth $425,000 after purchasing an additional 900 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Fidelity D & D Bancorp by 3.6% during the 2nd quarter. Rhumbline Advisers now owns 7,465 shares of the financial services provider's stock worth $327,000 after buying an additional 259 shares in the last quarter. Institutional investors and hedge funds own 20.05% of the company's stock.

About Fidelity D & D Bancorp

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.