State Street Corp Raises Holdings in Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC)

State Street Corp raised its holdings in shares of Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,231 shares of the financial services provider’s stock after buying an additional 2,280 shares during the quarter. State Street Corp’s holdings in Fidelity D & D Bancorp were worth $3,515,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FDBC. Bank of New York Mellon Corp raised its holdings in Fidelity D & D Bancorp by 6.0% in the 2nd 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 acquiring an additional 1,830 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Fidelity D & D Bancorp by 59.2% during the 2nd 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 last quarter. Renaissance Technologies LLC increased its holdings in shares of Fidelity D & D Bancorp by 10.2% during the 2nd quarter. Renaissance Technologies LLC now owns 9,700 shares of the financial services provider’s stock worth $425,000 after buying an additional 900 shares during the last quarter. Rhumbline Advisers raised its position in shares of Fidelity D & D Bancorp by 3.6% during the 2nd quarter. Rhumbline Advisers now owns 7,465 shares of the financial services provider’s stock valued at $327,000 after buying an additional 259 shares during the period. Finally, Alliance Wealth Advisors LLC acquired a new position in shares of Fidelity D & D Bancorp in the 3rd quarter valued at $220,000. 20.05% of the stock is owned by hedge funds and other institutional investors.

Fidelity D & D Bancorp Stock Down 1.1 %

Shares of FDBC opened at $48.18 on Tuesday. The company’s 50-day moving average price is $53.30 and its 200 day moving average price is $50.43. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.04. Fidelity D & D Bancorp, Inc. has a 12-month low of $41.10 and a 12-month high of $61.21. The firm has a market cap of $276.36 million, a P/E ratio of 17.98 and a beta of 0.58.

Fidelity D & D Bancorp (NASDAQ:FDBC) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter. Fidelity D & D Bancorp had a return on equity of 10.48% and a net margin of 13.30%. The company had revenue of $32.28 million for the quarter. During the same period in the previous year, the firm earned $0.93 EPS.

Fidelity D & D Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.32%. This is a boost from Fidelity D & D Bancorp’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, November 15th. Fidelity D & D Bancorp’s dividend payout ratio (DPR) is 59.70%.

Fidelity D & D Bancorp 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.