Insider Selling: Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) CEO Sells 500 Shares of Stock

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) CEO Daniel J. Santaniello sold 500 shares of the company’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 transaction of $26,500.00. Following the completion of the transaction, the chief executive officer now owns 54,882 shares of the company’s stock, valued at $2,908,746. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Fidelity D & D Bancorp Stock Performance

FDBC opened at $48.60 on Thursday. The firm has a market cap of $278.96 million, a P/E ratio of 17.17 and a beta of 0.60. Fidelity D & D Bancorp, Inc. has a 1-year low of $41.10 and a 1-year high of $60.85. The company has a 50 day simple moving average of $50.34 and a two-hundred day simple moving average of $47.68. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.79 and a quick ratio of 0.79.

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

Fidelity D & D Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Tuesday, August 20th. Fidelity D & D Bancorp’s dividend payout ratio (DPR) is presently 53.71%.

Hedge Funds Weigh In On Fidelity D & D Bancorp

Several hedge funds have recently modified their holdings of FDBC. BNP Paribas Financial Markets lifted its holdings in shares of Fidelity D & D Bancorp by 67.0% in the first quarter. BNP Paribas Financial Markets now owns 2,305 shares of the financial services provider’s stock worth $112,000 after buying an additional 925 shares in the last quarter. Lewis Asset Management LLC lifted its holdings in shares of 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 buying an additional 1,516 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of 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 buying an additional 4,163 shares in the last quarter. Bank of New York Mellon Corp raised its stake in 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. Finally, Commonwealth Equity Services LLC raised its stake in Fidelity D & D Bancorp by 59.2% during the second quarter. Commonwealth Equity Services LLC now owns 31,035 shares of the financial services provider’s stock valued at $1,359,000 after purchasing an additional 11,540 shares in the last quarter. Hedge funds and other institutional investors own 20.05% of the company’s stock.

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.