Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) Sees Large Increase in Short Interest

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 54,900 shares, a growth of 8.3% from the August 15th total of 50,700 shares. Based on an average daily trading volume, of 9,600 shares, the days-to-cover ratio is presently 5.7 days. Currently, 1.2% of the shares of the stock are short sold.

Fidelity D & D Bancorp Price Performance

NASDAQ:FDBC opened at $54.59 on Tuesday. The company’s 50-day moving average is $49.59 and its two-hundred day moving average is $47.54. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.04. The firm has a market cap of $313.35 million, a price-to-earnings ratio of 19.29 and a beta of 0.60. Fidelity D & D Bancorp has a 12-month low of $41.10 and a 12-month high of $60.85.

Fidelity D & D Bancorp (NASDAQ:FDBC) last released its earnings results on Wednesday, July 24th. The financial services provider reported $0.86 EPS for the quarter. Fidelity D & D Bancorp had a return on equity of 11.27% and a net margin of 14.14%. The firm had revenue of $19.73 million during the quarter.

Fidelity D & D Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.52 annualized dividend and a dividend yield of 2.78%. Fidelity D & D Bancorp’s dividend payout ratio is presently 53.71%.

Insiders Place Their Bets

In other news, Director Alan Silverman sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $51.50, for a total transaction of $103,000.00. Following the sale, the director now owns 19,049 shares of the company’s stock, valued at approximately $981,023.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Daniel J. Santaniello sold 759 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $52.90, for a total transaction of $40,151.10. Following the completion of the transaction, the chief executive officer now directly owns 55,382 shares of the company’s stock, valued at approximately $2,929,707.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Alan Silverman sold 2,000 shares of the business’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. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,000 shares of company stock worth $156,047. 21.00% of the stock is owned by company insiders.

Institutional Trading of Fidelity D & D Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in FDBC. BNP Paribas Financial Markets grew its position in Fidelity D & D Bancorp by 67.0% during the first quarter. BNP Paribas Financial Markets now owns 2,305 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 925 shares during the period. Rhumbline Advisers increased 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 purchasing an additional 259 shares in the last quarter. Renaissance Technologies LLC raised its holdings in 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 valued at $425,000 after buying an additional 900 shares during the period. Lewis Asset Management LLC lifted its position in Fidelity D & D Bancorp by 14.9% during the first quarter. Lewis Asset Management LLC now owns 11,696 shares of the financial services provider’s stock valued at $566,000 after buying an additional 1,516 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in 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 during the period. 20.05% of the stock is currently owned by institutional investors and hedge funds.

Fidelity D & D Bancorp Company Profile

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.