Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) Short Interest Update

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC - Get Free Report) experienced a substantial reduction in short interest in February. By the end of the month, specifically on February 28th, the total short interest stood at 17,600 shares. This marks a significant decrease of 31.0% compared to the short interest of 25,500 shares recorded on February 13th. Based on an average daily volume of 7,400 shares, the current short-interest ratio is calculated to be approximately 2.4 days. Only about 0.4% of the company’s shares are currently short sold.

Insider Activity at Fidelity D & D Bancorp

In other developments regarding the company, Chairman Brian J. Cali made an insider purchase of 880 shares of Fidelity D & D Bancorp stock on February 3rd. He acquired these shares at an average price of $44.00 each, resulting in a total transaction amount of $38,720. After this purchase, the chairman’s total ownership increased slightly to 403,439 shares, valued at around $17,751,316. This transaction represented a 0.22% increase in his ownership. The details of this acquisition were disclosed in a legal filing with the SEC.

Hedge Funds Weigh In On Fidelity D & D Bancorp

Hedge funds and institutional investors have recently adjusted their stakes in Fidelity D & D Bancorp. For instance, Tower Research Capital LLC TRC increased its holdings by 62.2% in the fourth quarter, now owning 639 shares, valued at $31,000 after acquiring an additional 245 shares. Meanwhile, FMR LLC significantly boosted its holdings by 849.2% during the third quarter, and now holds 1,680 shares valued at $83,000, following an increase of 1,503 shares. Additionally, Wells Fargo & Company MN raised its ownership by 27.8% during the fourth quarter, acquiring 607 more shares for a total of 2,790 shares valued at $136,000. Bank of America Corp DE also increased its stake by 16.5% in the same period, now owning 6,314 shares worth $308,000. Lastly, Deutsche Bank AG raised its holdings by 85.9%, bringing its total to 6,624 shares valued at $323,000. Altogether, institutional investors own approximately 20.05% of Fidelity D & D Bancorp's stock.

Fidelity D & D Bancorp Stock Performance

As for the stock's performance, Fidelity D & D Bancorp opened at $42.83 on Friday. The company’s financial ratios show a quick ratio of 0.80 and a current ratio of 0.80, with a low debt-to-equity ratio of 0.04. With a market capitalization of $245.67 million, the firm holds a P/E ratio of 11.86 and a beta of 0.54. Currently, the stock’s 50-day moving average is $44.23, while its 200-day moving average stands at $49.37. Over the past year, Fidelity D & D Bancorp’s stock reached a low of $41.00 and peaked at $61.21.

Fidelity D & D Bancorp reported its quarterly earnings results on January 29th. The financial services provider achieved earnings of $1.01 per share for that quarter. The company also noted a return on equity of 10.49% and a net margin of 16.50%.

Fidelity D & D Bancorp Dividend Announcement

Furthermore, Fidelity D & D Bancorp recently declared a quarterly dividend amounting to $0.40 per share, which was paid on March 10th. Shareholders who were recorded as of February 14th were eligible for the dividend. This gives an annualized dividend total of $1.60, resulting in a dividend yield of 3.74%. Currently, the company's payout ratio is 44.32%.

Fidelity D & D Bancorp Company Profile

Fidelity D&D Bancorp, Inc operates as a holding company providing a variety of commercial banking services. The company’s operations are divided into segments including Commercial and Industrial, Commercial Real Estate, Consumer, and Residential Real Estate. The Commercial and Industrial segment primarily refers to the cash flows of the borrower while also considering the underlying collateral.

Fidelity, stocks, finance