Fifth District Savings Bank (NASDAQ:FDSB) Trading 2.2% Higher – Still a Buy?

Fifth District Savings Bank (NASDAQ:FDSBGet Free Report)’s share price rose 2.2% on Thursday . The stock traded as high as $12.67 and last traded at $12.55. Approximately 16,415 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 39,336 shares. The stock had previously closed at $12.28.

Fifth District Savings Bank Stock Up 2.2 %

The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.05. The stock’s fifty day moving average price is $11.94.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FDSB. Creative Planning bought a new position in shares of Fifth District Savings Bank during the third quarter worth approximately $622,000. Fourthstone LLC bought a new position in shares of Fifth District Savings Bank during the third quarter worth approximately $1,058,000. Finally, Geode Capital Management LLC bought a new position in shares of Fifth District Savings Bank during the third quarter worth approximately $492,000.

About Fifth District Savings Bank

(Get Free Report)

Fifth District Bancorp, Inc is the holding company for Fifth District Savings Bank which provide all banking services. Fifth District Bancorp, Inc is based in NEW ORLEANS.

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