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

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) was the target of a large 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. Based on an average daily volume of 7,400 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.4% of the shares of the stock are short sold.

Fidelity D & D Bancorp Trading Down 1.7 %

Shares of NASDAQ FDBC traded down $0.71 during midday trading on Monday, reaching $42.12. 3,223 shares of the stock were exchanged, compared to its average volume of 7,522. The company has a market capitalization of $241.60 million, a P/E ratio of 11.67 and a beta of 0.54. Fidelity D & D Bancorp has a 52-week low of $40.00 and a 52-week high of $61.21. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average price of $44.23 and a 200-day moving average price of $49.36.

Fidelity D & D Bancorp (NASDAQ:FDBC) last released its earnings results on Wednesday, January 29th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter. Fidelity D & D Bancorp had a net margin of 16.50% and a return on equity of 10.49%.

Fidelity D & D Bancorp Dividend Announcement

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

Insider Activity

In other Fidelity D & D Bancorp news, Chairman Brian J. Cali bought 880 shares of the company’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 acquisition, the chairman now owns 403,439 shares of the company’s stock, valued at $17,751,316. The trade was a 0.22 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 21.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its stake in shares of Fidelity D & D Bancorp by 62.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 639 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 245 shares during the period. FMR LLC increased its stake in shares of Fidelity D & D Bancorp by 849.2% in 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 last quarter. Wells Fargo & Company MN increased its stake in shares of Fidelity D & D Bancorp by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 2,790 shares of the financial services provider’s stock worth $136,000 after buying an additional 607 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Fidelity D & D Bancorp by 16.5% in the fourth quarter. Bank of America Corp DE now owns 6,314 shares of the financial services provider’s stock worth $308,000 after buying an additional 893 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Fidelity D & D Bancorp by 85.9% during the fourth quarter. Deutsche Bank AG now owns 6,624 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 3,061 shares during the last quarter. 20.05% of the stock is owned by institutional investors and hedge funds.

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.