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

Fifth District Savings Bank’s (NASDAQ:FDSB) lock-up period is set to 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. After the end of Fifth District Savings Bank’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Fifth District Savings Bank Stock Performance

FDSB stock opened at $12.75 on Monday. The business’s fifty day simple moving average is $12.54. Fifth District Savings Bank has a 52-week low of $9.85 and a 52-week high of $13.40. 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 Investors Weigh In On Fifth District Savings Bank

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

Fifth District Savings Bank Company Profile

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.