Fidelity D & D Bancorp (NASDAQ:FDBC) Share Price Passes Below 200-Day Moving Average – Here’s Why

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $49.59 and traded as low as $42.65. Fidelity D & D Bancorp shares last traded at $43.05, with a volume of 10,064 shares changing hands.

Fidelity D & D Bancorp Stock Down 2.1 %

The business has a fifty day simple moving average of $44.76 and a 200 day simple moving average of $49.59. The firm has a market cap of $246.93 million, a price-to-earnings ratio of 11.93 and a beta of 0.54. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.80 and a quick ratio of 0.80.

Fidelity D & D Bancorp (NASDAQ:FDBC) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $1.01 EPS 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.72%. Fidelity D & D Bancorp’s payout ratio is currently 44.32%.

Insider Buying and Selling at Fidelity D & D Bancorp

In related news, Chairman Brian J. Cali purchased 880 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was acquired at an average cost of $44.00 per share, for a total transaction of $38,720.00. Following the completion of the transaction, the chairman now directly owns 403,439 shares of the company’s stock, valued at approximately $17,751,316. This trade represents a 0.22 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 21.00% of the company’s stock.

Institutional Investors Weigh In On Fidelity D & D Bancorp

A number of large investors have recently made changes to their positions in FDBC. Liberty Square Wealth Partners LLC purchased a new stake in shares of Fidelity D & D Bancorp in the fourth quarter valued at approximately $1,621,000. JPMorgan Chase & Co. grew its position in shares of Fidelity D & D Bancorp by 129.3% in the fourth quarter. JPMorgan Chase & Co. now owns 20,373 shares of the financial services provider’s stock valued at $994,000 after purchasing an additional 11,488 shares in the last quarter. Barclays PLC grew its position in shares of Fidelity D & D Bancorp by 170.6% in the third quarter. Barclays PLC now owns 8,061 shares of the financial services provider’s stock valued at $398,000 after purchasing an additional 5,082 shares in the last quarter. Deutsche Bank AG grew its position in Fidelity D & D Bancorp by 85.9% in the fourth quarter. Deutsche Bank AG now owns 6,624 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 3,061 shares during the period. Finally, State Street Corp grew its position in 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 acquiring an additional 2,280 shares during the period. 20.05% of the stock is currently owned by hedge funds and other institutional investors.

About Fidelity D & D Bancorp

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.