Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) Short Interest Down 9.1% in August

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) was the target of a large decline in short interest during the month of August. As of August 15th, there was short interest totalling 50,700 shares, a decline of 9.1% from the July 31st total of 55,800 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 9,700 shares, the days-to-cover ratio is currently 5.2 days.

Fidelity D & D Bancorp Stock Performance

Shares of NASDAQ FDBC traded down $2.05 during midday trading on Tuesday, hitting $51.93. 4,333 shares of the company’s stock traded hands, compared to its average volume of 6,952. Fidelity D & D Bancorp has a 1 year low of $41.10 and a 1 year high of $60.85. The stock has a market capitalization of $297.87 million, a price-to-earnings ratio of 18.60 and a beta of 0.63. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a fifty day moving average of $47.98 and a 200 day moving average of $47.28.

Fidelity D & D Bancorp (NASDAQ:FDBC) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.86 EPS for the quarter. Fidelity D & D Bancorp had a net margin of 14.14% and a return on equity of 11.27%. The firm had revenue of $19.73 million during the quarter.

Fidelity D & D Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th will be paid a dividend of $0.38 per share. The ex-dividend date is Tuesday, August 20th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.93%. Fidelity D & D Bancorp’s dividend payout ratio (DPR) is presently 53.71%.

Insiders Place Their Bets

In other Fidelity D & D Bancorp news, CEO Daniel J. Santaniello sold 759 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $52.90, for a total value of $40,151.10. Following the completion of the transaction, the chief executive officer now owns 55,382 shares of the company’s stock, valued at approximately $2,929,707.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. 21.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its stake in shares of Fidelity D & D Bancorp by 67.0% during the 1st quarter. BNP Paribas Financial Markets now owns 2,305 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 925 shares during the period. Rhumbline Advisers grew its stake in shares of Fidelity D & D Bancorp by 3.6% during the 2nd quarter. Rhumbline Advisers now owns 7,465 shares of the financial services provider’s stock valued at $327,000 after acquiring an additional 259 shares during the period. Renaissance Technologies LLC grew its stake 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 valued at $425,000 after acquiring an additional 900 shares during the period. Lewis Asset Management LLC boosted its stake in Fidelity D & D Bancorp by 14.9% in the 1st quarter. Lewis Asset Management LLC now owns 11,696 shares of the financial services provider’s stock worth $566,000 after purchasing an additional 1,516 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in Fidelity D & D Bancorp by 59.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 31,035 shares of the financial services provider’s stock valued at $1,359,000 after buying an additional 11,540 shares in the last quarter. 20.05% of the stock is currently owned by institutional investors.

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.