JPMorgan Chase & Co. Increases Stock Holdings in Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC)

JPMorgan Chase & Co. boosted its holdings in shares of Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) by 322.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,885 shares of the financial services provider’s stock after buying an additional 6,783 shares during the period. JPMorgan Chase & Co. owned approximately 0.15% of Fidelity D & D Bancorp worth $438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of Fidelity D & D Bancorp by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 109,925 shares of the financial services provider’s stock valued at $5,424,000 after purchasing an additional 2,099 shares during the last quarter. State Street Corp raised its holdings in shares of Fidelity D & D Bancorp by 3.3% in the third quarter. State Street Corp now owns 71,231 shares of the financial services provider’s stock worth $3,515,000 after buying an additional 2,280 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Fidelity D & D Bancorp by 10.2% during the second quarter. Renaissance Technologies LLC now owns 9,700 shares of the financial services provider’s stock worth $425,000 after buying an additional 900 shares during the period. Barclays PLC grew its holdings in shares of Fidelity D & D Bancorp by 170.6% during the third quarter. Barclays PLC now owns 8,061 shares of the financial services provider’s stock valued at $398,000 after buying an additional 5,082 shares during the last quarter. Finally, Alliance Wealth Advisors LLC acquired a new position in shares of Fidelity D & D Bancorp in the 3rd quarter valued at $220,000. 20.05% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity D & D Bancorp Stock Performance

Shares of FDBC opened at $44.60 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a 50-day moving average of $49.42 and a two-hundred day moving average of $50.54. The stock has a market cap of $256.00 million, a P/E ratio of 16.64 and a beta of 0.61. Fidelity D & D Bancorp, Inc. has a one year low of $41.00 and a one year high of $61.21.

Fidelity D & D Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a $0.40 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.60 annualized dividend and a yield of 3.59%. Fidelity D & D Bancorp’s dividend payout ratio (DPR) is presently 59.70%.

Fidelity D & D Bancorp 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.