Fifth District Savings Bank (NASDAQ:FDSB) Stock Price Up 2.2% – Should You Buy?

Fifth District Savings Bank (NASDAQ:FDSB)’s share price shot up 2.2% during trading on Thursday . The stock traded as high as $12.67 and last traded at $12.55. 16,415 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 39,336 shares. The stock had previously closed at $12.28.

Fifth District Savings Bank Stock Performance

The stock’s 50 day moving average is $11.99. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.05 and a current ratio of 1.05.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC acquired a new stake in shares of Fifth District Savings Bank during the third quarter worth about $492,000. Creative Planning purchased a new position in Fifth District Savings Bank during the 3rd quarter worth approximately $622,000. Finally, Fourthstone LLC acquired a new stake in Fifth District Savings Bank during the 3rd quarter valued at approximately $1,058,000.

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.