Fidelity D & D Bancorp Inc. Sells 2,700 Shares of Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC)

Fidelity D & D Bancorp Inc. lessened its stake in Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 96,382 shares of the financial services provider’s stock after selling 2,700 shares during the quarter. Fidelity D & D Bancorp accounts for about 3.2% of Fidelity D & D Bancorp Inc.’s portfolio, making the stock its 7th largest holding. Fidelity D & D Bancorp Inc. owned about 1.68% of Fidelity D & D Bancorp worth $4,755,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Commonwealth Equity Services LLC grew its position 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 valued at $1,359,000 after buying an additional 11,540 shares during the period. Barclays PLC boosted its stake in shares of Fidelity D & D Bancorp by 170.6% during the 3rd quarter. Barclays PLC now owns 8,061 shares of the financial services provider’s stock worth $398,000 after acquiring an additional 5,082 shares in the last quarter. Alliance Wealth Advisors LLC acquired a new stake in shares of Fidelity D & D Bancorp during the 3rd quarter valued at about $220,000. Vanguard Group Inc. increased its stake in shares of Fidelity D & D Bancorp by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 227,459 shares of the financial services provider’s stock valued at $11,016,000 after purchasing an additional 4,163 shares in the last quarter. Finally, State Street Corp raised its holdings in Fidelity D & D Bancorp by 3.3% in the 3rd quarter. State Street Corp now owns 71,231 shares of the financial services provider’s stock worth $3,515,000 after purchasing an additional 2,280 shares during the period. Hedge funds and other institutional investors own 20.05% of the company’s stock.

Insider Activity at Fidelity D & D Bancorp

In other Fidelity D & D Bancorp news, CEO Daniel J. Santaniello sold 500 shares of Fidelity D & D Bancorp stock in a transaction on Friday, September 20th. The shares were sold at an average price of $53.00, for a total transaction of $26,500.00. Following the sale, the chief executive officer now owns 54,882 shares of the company’s stock, valued at $2,908,746. The trade was a 0.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.00% of the stock is currently owned by corporate insiders.

Fidelity D & D Bancorp Price Performance

FDBC traded down $0.15 during trading on Friday, hitting $53.77. The company’s stock had a trading volume of 1,355 shares, compared to its average volume of 7,492. The firm has a market capitalization of $308.64 million, a price-to-earnings ratio of 20.12 and a beta of 0.58. Fidelity D & D Bancorp, Inc. has a twelve month low of $41.10 and a twelve month high of $61.21. The business’s fifty day simple moving average is $53.08 and its 200 day simple moving average is $49.89. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.04.

Fidelity D & D Bancorp (NASDAQ:FDBC) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.86 EPS for the quarter. The company had revenue of $32.28 million during the quarter. Fidelity D & D Bancorp had a net margin of 13.30% and a return on equity of 10.48%. During the same period in the previous year, the firm posted $0.93 EPS.

Fidelity D & D Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.98%. The ex-dividend date was Friday, November 15th. This is an increase from Fidelity D & D Bancorp’s previous quarterly dividend of $0.38. Fidelity D & D Bancorp’s dividend payout ratio is 59.70%.

About Fidelity D & D Bancorp

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.