Fifth District Savings Bank’s (NASDAQ:FDSB) Lock-Up Period Will End on January 28th

Fifth District Savings Bank’s (NASDAQ:FDSB) lock-up period will expire on Tuesday, January 28th. Fifth District Savings Bank had issued 5,459,473 shares in its initial public offering on August 1st. The total size of the offering was $54,594,730 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Fifth District Savings Bank Price Performance

Shares of FDSB stock opened at $12.91 on Tuesday. Fifth District Savings Bank has a 12-month low of $9.85 and a 12-month high of $13.40. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $12.52.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC bought a new stake in Fifth District Savings Bank during the 3rd quarter worth approximately $492,000. Creative Planning acquired a new position in Fifth District Savings Bank in the third quarter worth $622,000. Finally, Fourthstone LLC bought a new stake in shares of Fifth District Savings Bank during the third quarter worth $1,058,000.

About Fifth District Savings Bank

Fifth District Bancorp, Inc is the holding company for Fifth District Savings Bank which provide all banking services. Fifth District Bancorp, Inc is based in NEW ORLEANS.