Fidelity D&D Bancorp (FDBC) Director Patrick J. Dempsey Buys 700 Shares of Stock

Fidelity D&D Bancorp (NASDAQ:FDBC) Director Patrick J. Dempsey purchased 700 shares of the business’s stock in a transaction on Tuesday, February 5th. The stock was bought at an average cost of $59.70 per share, with a total value of $41,790.00. The purchase was disclosed in a filing with the SEC, which is available at this link.

FDBC stock opened at $59.60 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.86 and a quick ratio of 0.86. Fidelity D&D Bancorp has a one year low of $44.50 and a one year high of $75.00. The company has a market capitalization of $227.19 million, a price-to-earnings ratio of 20.55 and a beta of 0.15.

Fidelity D&D Bancorp (NASDAQ:FDBC) last released its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $0.75 EPS for the quarter. Fidelity D&D Bancorp had a net margin of 24.72% and a return on equity of 12.40%. The business had revenue of $10.23 million during the quarter.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Monday, February 18th will be paid a $0.26 dividend. The ex-dividend date is Friday, February 15th. This represents a $1.04 dividend on an annualized basis and a yield of 1.74%.

A number of hedge funds have recently added to or reduced their stakes in FDBC. Bank of New York Mellon Corp purchased a new position in Fidelity D&D Bancorp in the 2nd quarter worth approximately $411,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Fidelity D&D Bancorp in the 2nd quarter valued at $323,000. BlackRock Inc. purchased a new stake in shares of Fidelity D&D Bancorp in the 2nd quarter valued at $7,026,000. Northern Trust Corp purchased a new stake in shares of Fidelity D&D Bancorp in the 2nd quarter valued at $420,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Fidelity D&D Bancorp by 324.5% in the 3rd quarter. Wells Fargo & Company MN now owns 1,456 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 1,113 shares in the last quarter. 10.73% of the stock is owned by institutional investors and hedge funds.

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Fidelity D&D Bancorp Company Profile

Fidelity D & D Bancorp, Inc operates as the holding company for The Fidelity Deposit and Discount Bank, a state chartered commercial bank that provides a range of banking, financial, and trust services to individuals, small businesses, and corporate customers primarily in Lackawanna and Luzerne counties in Pennsylvania.

Further Reading: What is the Difference Between Common Shares and Convertible Shares?

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