Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC – Get Free Report) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 62,700 shares, a decline of 18.8% from the November 15th total of 77,200 shares. Based on an average daily trading volume, of 7,700 shares, the days-to-cover ratio is presently 8.1 days. Currently, 1.4% of the company’s stock are sold short.

Fidelity D & D Bancorp Stock Up 2.5 %

FDBC traded up $1.46 during trading on Friday, reaching $60.00. 59,418 shares of the stock traded hands, compared to its average volume of 10,926. The stock has a market cap of $341.76 million, a price-to-earnings ratio of 13.73 and a beta of 0.52. Fidelity D & D Bancorp has a fifty-two week low of $35.51 and a fifty-two week high of $60.84. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.76 and a quick ratio of 0.76. The stock’s 50-day simple moving average is $49.87 and its two-hundred day simple moving average is $47.94.

Fidelity D & D Bancorp (NASDAQ:FDBC – Get Free Report) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter. The firm had revenue of $18.96 million during the quarter. Fidelity D & D Bancorp had a return on equity of 14.60% and a net margin of 23.14%.

Fidelity D & D Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.53%. This is a boost from Fidelity D & D Bancorp’s previous quarterly dividend of $0.36. Fidelity D & D Bancorp’s payout ratio is currently 34.78%.

Insider Activity

In other Fidelity D & D Bancorp news, Director Helenbeth Garofalo Vilcek purchased 2,000 shares of the stock in a transaction dated Monday, September 25th. The shares were acquired at an average price of $45.85 per share, for a total transaction of $91,700.00. Following the completion of the acquisition, the director now owns 152,232 shares of the company’s stock, valued at approximately $6,979,837.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 21.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Fidelity D & D Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers lifted its position in shares of Fidelity D & D Bancorp by 5.4% in the third quarter. Rhumbline Advisers now owns 4,844 shares of the financial services provider’s stock worth $220,000 after buying an additional 250 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Fidelity D & D Bancorp by 1.4% in the second quarter. Commonwealth Equity Services LLC now owns 19,715 shares of the financial services provider’s stock worth $958,000 after buying an additional 273 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Fidelity D & D Bancorp by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 41,867 shares of the financial services provider’s stock worth $1,973,000 after buying an additional 320 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Fidelity D & D Bancorp by 7.8% in the second quarter. Renaissance Technologies LLC now owns 8,300 shares of the financial services provider’s stock worth $403,000 after buying an additional 600 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Fidelity D & D Bancorp during the 1st quarter worth about $28,000. Institutional investors and hedge funds own 16.91% of the company’s stock.

About Fidelity D & D Bancorp (Get Free Report)

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, clubs, interest-bearing and non-interest-bearing checking, money market, and short- and long-term time deposits, as well as certificates of deposit.

Further Reading

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Original: MarketBeat News Feed: Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) Short Interest Update