Fifth District Savings Bank’s (NASDAQ:FDSB) Lock-Up Period Set To End Tomorrow

Fifth District Savings Bank’s (NASDAQ:FDSB) lock-up period will expire on Tuesday, January 28th. Fifth District Savings Bank had issued 5,459,473 shares in its public offering on August 1st. The total size of the offering was $54,594,730 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Fifth District Savings Bank Stock Down 0.5 %

FDSB opened at $12.75 on Monday. Fifth District Savings Bank has a 52 week low of $9.85 and a 52 week high of $13.40. The firm’s 50 day moving average is $12.54. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.05.

Hedge Funds Weigh In On Fifth District Savings Bank

Several institutional investors have recently bought and sold shares of the company. Creative Planning purchased a new stake in shares of Fifth District Savings Bank in the third quarter valued at approximately $622,000. Fourthstone LLC purchased a new stake in Fifth District Savings Bank during the third quarter worth about $1,058,000. Finally, Geode Capital Management LLC purchased a new stake in Fifth District Savings Bank during the third quarter worth about $492,000.

About Fifth District Savings Bank

Fifth District Bancorp, Inc is the holding company for Fifth District Savings Bank which provide all banking services. Fifth District Bancorp, Inc is based in NEW ORLEANS.