Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) Holdings Reduced by Fidelity D & D Bancorp Inc.

Fidelity D & D Bancorp Inc. cut its stake in Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) by 2.7% in the third quarter, Holdings Channel reports. The fund owned 96,382 shares of the financial services provider’s stock after selling 2,700 shares during the period. 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.’s holdings in Fidelity D & D Bancorp were worth $4,755,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FDBC. Rhumbline Advisers grew its position in Fidelity D & D Bancorp by 3.6% in the second quarter. Rhumbline Advisers now owns 7,465 shares of the financial services provider’s stock worth $327,000 after acquiring an additional 259 shares during the period. Renaissance Technologies LLC increased its position in shares of Fidelity D & D Bancorp by 10.2% during the 2nd quarter. Renaissance Technologies LLC now owns 9,700 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 900 shares during the last quarter. CWM LLC raised its holdings in Fidelity D & D Bancorp by 12,140.0% in the 3rd quarter. CWM LLC now owns 1,224 shares of the financial services provider’s stock valued at $60,000 after buying an additional 1,214 shares during the period. FMR LLC boosted its stake in Fidelity D & D Bancorp by 849.2% during the third quarter. FMR LLC now owns 1,680 shares of the financial services provider’s stock worth $83,000 after buying an additional 1,503 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Fidelity D & D Bancorp by 6.0% during the second quarter. Bank of New York Mellon Corp now owns 32,501 shares of the financial services provider’s stock valued at $1,424,000 after acquiring an additional 1,830 shares during the last quarter. Hedge funds and other institutional investors own 20.05% of the company’s stock.

Fidelity D & D Bancorp Trading Down 0.3 %

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

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

Fidelity D & D Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders 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 of this dividend was Friday, November 15th. This is a boost from Fidelity D & D Bancorp’s previous quarterly dividend of $0.38. Fidelity D & D Bancorp’s dividend payout ratio is currently 59.70%.

Insider Activity

In other news, CEO Daniel J. Santaniello sold 500 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $53.00, for a total value of $26,500.00. Following the sale, the chief executive officer now directly owns 54,882 shares in the company, valued at approximately $2,908,746. This trade represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 21.00% of the company’s stock.

Fidelity D & D Bancorp Company Profile

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.