Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) Sees Large Drop in Short Interest

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 50,700 shares, a drop of 5.6% from the September 15th total of 53,700 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average trading volume of 9,300 shares, the days-to-cover ratio is presently 5.5 days.

Fidelity D & D Bancorp Price Performance

Shares of FDBC stock opened at $51.58 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.79 and a current ratio of 0.79. Fidelity D & D Bancorp has a fifty-two week low of $41.10 and a fifty-two week high of $60.85. The firm has a market cap of $295.86 million, a P/E ratio of 18.23 and a beta of 0.59. The business’s 50 day moving average price is $49.33 and its 200-day moving average price is $47.76.

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

Insider Buying and Selling

In other Fidelity D & D Bancorp news, CEO Daniel J. Santaniello sold 500 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $53.00, for a total value of $26,500.00. Following the completion of the sale, the chief executive officer now owns 54,882 shares in the company, valued at approximately $2,908,746. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Daniel J. Santaniello sold 759 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $52.90, for a total value of $40,151.10. Following the sale, the chief executive officer now directly owns 55,382 shares of the company’s stock, valued at $2,929,707.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Daniel J. Santaniello sold 500 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $53.00, for a total value of $26,500.00. Following the transaction, the chief executive officer now owns 54,882 shares in the company, valued at approximately $2,908,746. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,500 shares of company stock worth $182,547 in the last ninety days. 21.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Fidelity D & D Bancorp

A number of large investors have recently modified their holdings of FDBC. Commonwealth Equity Services LLC lifted its holdings in Fidelity D & D Bancorp by 59.2% in the second quarter. Commonwealth Equity Services LLC now owns 31,035 shares of the financial services provider’s stock worth $1,359,000 after buying an additional 11,540 shares during the period. Vanguard Group Inc. lifted its stake in shares of Fidelity D & D Bancorp by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 227,459 shares of the financial services provider’s stock valued at $11,016,000 after purchasing an additional 4,163 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Fidelity D & D Bancorp by 6.0% during the second quarter. Bank of New York Mellon Corp now owns 32,501 shares of the financial services provider’s stock valued at $1,424,000 after purchasing an additional 1,830 shares in the last quarter. Lewis Asset Management LLC grew its stake in Fidelity D & D Bancorp by 14.9% in the first 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 period. Finally, CWM LLC raised its holdings in Fidelity D & D Bancorp by 12,140.0% in the third quarter. CWM LLC now owns 1,224 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,214 shares in the last quarter. Institutional investors own 20.05% of the company’s stock.

Fidelity D & D Bancorp Company Profile

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.