Short Interest in Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) Decreases By 5.7%

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 49,600 shares, a decrease of 5.7% from the March 15th total of 52,600 shares. Based on an average trading volume of 5,900 shares, the days-to-cover ratio is presently 8.4 days. Currently, 1.1% of the company’s stock are short sold.

Insider Activity

In related news, COO Eugene J. Walsh sold 545 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $49.47, for a total transaction of $26,961.15. Following the completion of the sale, the chief operating officer now owns 13,735 shares in the company, valued at $679,470.45. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Chairman Brian J. Cali bought 1,250 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were acquired at an average price of $46.96 per share, for a total transaction of $58,700.00. Following the completion of the transaction, the chairman now owns 390,709 shares of the company’s stock, valued at $18,347,694.64. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Eugene J. Walsh sold 545 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $49.47, for a total value of $26,961.15. Following the completion of the sale, the chief operating officer now directly owns 13,735 shares of the company’s stock, valued at $679,470.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,486 shares of company stock worth $73,067. 17.68% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fidelity D & D Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new stake in Fidelity D & D Bancorp during the 3rd quarter worth approximately $25,000. Acadian Asset Management LLC acquired a new stake in shares of Fidelity D & D Bancorp during the first quarter worth $28,000. UBS Group AG lifted its holdings in shares of Fidelity D & D Bancorp by 573.5% during the third quarter. UBS Group AG now owns 761 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 648 shares during the period. BNP Paribas Arbitrage SNC grew its position in Fidelity D & D Bancorp by 13,488.9% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 1,223 shares of the financial services provider’s stock valued at $59,000 after buying an additional 1,214 shares during the last quarter. Finally, Barclays PLC increased its stake in Fidelity D & D Bancorp by 189.4% in the 2nd quarter. Barclays PLC now owns 1,421 shares of the financial services provider’s stock valued at $70,000 after buying an additional 930 shares during the period. Hedge funds and other institutional investors own 20.05% of the company’s stock.

Fidelity D & D Bancorp Price Performance

Shares of NASDAQ FDBC opened at $45.20 on Thursday. The stock has a market cap of $262.61 million, a P/E ratio of 14.17 and a beta of 0.64. Fidelity D & D Bancorp has a twelve month low of $35.51 and a twelve month high of $60.85. The stock has a 50 day moving average of $47.79 and a two-hundred day moving average of $49.72. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.05.

Fidelity D & D Bancorp (NASDAQ:FDBC) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.97 EPS for the quarter. Fidelity D & D Bancorp had a net margin of 17.30% and a return on equity of 13.16%. The firm had revenue of $12.96 million during the quarter.

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.