Fifth District Savings Bank (NASDAQ:FDSB) Trading Down 0.1% – Here’s Why

Fifth District Savings Bank (NASDAQ:FDSB) dropped 0.1% during mid-day trading on Monday . The stock traded as low as $12.31 and last traded at $12.31. Approximately 8,467 shares changed hands during trading, a decline of 74% from the average daily volume of 32,640 shares. The stock had previously closed at $12.32.

Fifth District Savings Bank Price Performance

The firm’s 50-day moving average is $12.67 and its 200-day moving average is $11.93. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.05.

Institutional Trading of Fifth District Savings Bank

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC bought a new stake in Fifth District Savings Bank during the third quarter valued at approximately $492,000. Fourthstone LLC bought a new stake in Fifth District Savings Bank during the third quarter valued at approximately $1,058,000. Beacon Pointe Advisors LLC bought a new stake in Fifth District Savings Bank during the fourth quarter valued at approximately $139,000. Alliancebernstein L.P. grew its position in Fifth District Savings Bank by 21.9% during the fourth quarter. Alliancebernstein L.P. now owns 25,578 shares of the company’s stock valued at $323,000 after buying an additional 4,588 shares during the period. Finally, Stilwell Value LLC grew its position in Fifth District Savings Bank by 87.7% during the fourth quarter. Stilwell Value LLC now owns 80,000 shares of the company’s stock valued at $1,010,000 after buying an additional 37,368 shares during the period.

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.