Short Interest in Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) Drops By 31.0%

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 17,600 shares, a drop of 31.0% from the February 13th total of 25,500 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 7,400 shares, the days-to-cover ratio is presently 2.4 days.

Insider Buying and Selling at Fidelity D & D Bancorp

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its stake in shares of Fidelity D & D Bancorp by 62.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 639 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 245 shares during the period. FMR LLC raised its holdings in Fidelity D & D Bancorp by 849.2% in the 3rd quarter. FMR LLC now owns 1,680 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 1,503 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Fidelity D & D Bancorp by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 2,790 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 607 shares in the last quarter. Bank of America Corp DE raised its holdings in Fidelity D & D Bancorp by 16.5% in the 4th quarter. Bank of America Corp DE now owns 6,314 shares of the financial services provider’s stock valued at $308,000 after acquiring an additional 893 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in Fidelity D & D Bancorp by 85.9% in the 4th quarter. Deutsche Bank AG now owns 6,624 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 3,061 shares in the last quarter. 20.05% of the stock is currently owned by institutional investors.

Fidelity D & D Bancorp Stock Down 1.7 %

FDBC stock opened at $42.12 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average price of $44.16 and a two-hundred day moving average price of $49.29. The company has a market cap of $241.60 million, a price-to-earnings ratio of 11.67 and a beta of 0.54. Fidelity D & D Bancorp has a twelve month low of $41.00 and a twelve month high of $61.21.

Fidelity D & D Bancorp (NASDAQ:FDBC) last issued 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.60 annualized dividend and a dividend yield of 3.80%. Fidelity D & D Bancorp’s dividend payout ratio is currently 44.32%.

Fidelity D & D Bancorp Company 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.