Fifth District Savings Bank’s Lock-Up Period Set To Expire on January 28th (NASDAQ:FDSB)

Fifth District Savings Bank’s (NASDAQ:FDSB) lock-up period is set to end on Tuesday, January 28th. Fifth District Savings Bank had issued 5,459,473 shares in its initial public offering on August 1st. The total size of the offering was $54,594,730 based on an initial share price of $10.00. After the expiration of Fifth District Savings Bank’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Fifth District Savings Bank Price Performance

Fifth District Savings Bank stock opened at $12.77 on Thursday. The firm’s 50-day moving average price is $12.53. Fifth District Savings Bank has a 52-week low of $9.85 and a 52-week high of $13.40. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.05.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Fourthstone LLC acquired a new position in Fifth District Savings Bank in the 3rd quarter valued at approximately $1,058,000. Creative Planning acquired a new position in shares of Fifth District Savings Bank during the 3rd quarter worth $622,000. Finally, Geode Capital Management LLC acquired a new position in shares of Fifth District Savings Bank during the 3rd quarter worth $492,000.

Fifth District Savings Bank Company Profile

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.