Short Interest in Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) Drops By 31.0%

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 17,600 shares, a drop of 31.0% from the February 13th total of 25,500 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 7,400 shares, the short-interest ratio is presently 2.4 days.

Insider Activity at Fidelity D & D Bancorp

In related news, Chairman Brian J. Cali bought 880 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were purchased at an average price of $44.00 per share, with a total value of $38,720.00. Following the completion of the purchase, the chairman now owns 403,439 shares of the company’s stock, valued at $17,751,316. This represents a 0.22 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 21.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fidelity D & D Bancorp

A number of hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its position in shares of Fidelity D & D Bancorp by 62.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 639 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 245 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Fidelity D & D Bancorp by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 14,450 shares of the financial services provider’s stock worth $705,000 after purchasing an additional 260 shares during the period. Renaissance Technologies LLC raised its position in shares of Fidelity D & D Bancorp by 3.0% during the fourth quarter. Renaissance Technologies LLC now owns 10,300 shares of the financial services provider’s stock worth $503,000 after purchasing an additional 300 shares during the period. Wells Fargo & Company MN raised its position in shares of Fidelity D & D Bancorp by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 2,790 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 607 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Fidelity D & D Bancorp by 2.2% during the fourth quarter. Bank of New York Mellon Corp now owns 29,356 shares of the financial services provider’s stock worth $1,433,000 after purchasing an additional 639 shares during the period. Institutional investors and hedge funds own 20.05% of the company’s stock.

Fidelity D & D Bancorp Trading Down 1.7 %

NASDAQ:FDBC opened at $42.12 on Tuesday. Fidelity D & D Bancorp has a 1-year low of $41.00 and a 1-year high of $61.21. The business’s 50-day moving average price is $44.16 and its two-hundred day moving average price is $49.29. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $241.60 million, a price-to-earnings ratio of 11.67 and a beta of 0.54.

Fidelity D & D Bancorp (NASDAQ:FDBC) last released its earnings results on Wednesday, January 29th. The financial services provider reported $1.01 earnings per share for the quarter. Fidelity D & D Bancorp had a return on equity of 10.49% and a net margin of 16.50%.

Fidelity D & D Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend was Friday, February 14th. Fidelity D & D Bancorp’s dividend payout ratio is currently 44.32%.

Fidelity D & D Bancorp Company Profile

Fidelity D&D Bancorp, Inc is a holding company, which engages in the provision of commercial banking services. It operates through the following segments: Commercial and Industrial, Commercial Real Estate, Consumer, and Residential Real Estate. The Commercial and Industrial segment refers to identified historic and/or the projected cash flows of the borrower and secondarily to the underlying collateral provided by the borrower.