Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) Shares Sold by Fidelity D & D Bancorp Inc.

Fidelity D & D Bancorp Inc. decreased its stake in shares of Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,082 shares of the financial services provider’s stock after selling 2,884 shares during the period. Fidelity D & D Bancorp accounts for approximately 3.3% of Fidelity D & D Bancorp Inc.’s holdings, making the stock its 6th biggest holding. Fidelity D & D Bancorp Inc. owned about 1.73% of Fidelity D & D Bancorp worth $4,340,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its stake in shares of Fidelity D & D Bancorp by 59.2% in 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 during the period. Vanguard Group Inc. increased its position in Fidelity D & D Bancorp by 1.9% in the first quarter. Vanguard Group Inc. now owns 227,459 shares of the financial services provider’s stock worth $11,016,000 after purchasing an additional 4,163 shares during the period. Bank of New York Mellon Corp raised its holdings in Fidelity D & D Bancorp by 6.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 32,501 shares of the financial services provider’s stock worth $1,424,000 after purchasing an additional 1,830 shares during the last quarter. Lewis Asset Management LLC raised its holdings in Fidelity D & D Bancorp by 14.9% during 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 last quarter. Finally, BNP Paribas Financial Markets lifted its position in 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 purchasing an additional 925 shares during the period. Institutional investors own 20.05% of the company’s stock.

Fidelity D & D Bancorp Stock Down 1.5 %

Shares of NASDAQ:FDBC opened at $51.00 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market cap of $292.54 million, a price-to-earnings ratio of 18.02 and a beta of 0.63. The company has a 50 day moving average of $48.68 and a 200-day moving average of $47.37. Fidelity D & D Bancorp, Inc. has a one year low of $41.10 and a one year high of $60.85.

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

Fidelity D & D Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $1.52 annualized dividend and a dividend yield of 2.98%. Fidelity D & D Bancorp’s payout ratio is currently 53.71%.

Insider Activity

In related news, CEO Daniel J. Santaniello sold 759 shares of Fidelity D & D Bancorp stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $52.90, for a total transaction of $40,151.10. Following the transaction, the chief executive officer now owns 55,382 shares of the company’s stock, valued at approximately $2,929,707.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.00% of the stock is currently owned by company insiders.

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.