Tower Research Capital LLC TRC Acquires 245 Shares of Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC)

Tower Research Capital LLC TRC boosted its holdings in shares of Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) by 62.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 639 shares of the financial services provider’s stock after buying an additional 245 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Fidelity D & D Bancorp were worth $31,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FDBC. Barclays PLC grew its position in Fidelity D & D Bancorp by 170.6% during the third quarter. Barclays PLC now owns 8,061 shares of the financial services provider’s stock valued at $398,000 after buying an additional 5,082 shares during the period. JPMorgan Chase & Co. grew its position in Fidelity D & D Bancorp by 322.7% during the third quarter. JPMorgan Chase & Co. now owns 8,885 shares of the financial services provider’s stock valued at $438,000 after buying an additional 6,783 shares during the period. Bank of New York Mellon Corp grew its position in Fidelity D & D Bancorp by 2.2% during the fourth quarter. Bank of New York Mellon Corp now owns 29,356 shares of the financial services provider’s stock valued at $1,433,000 after buying an additional 639 shares during the period. PNC Financial Services Group Inc. grew its position in Fidelity D & D Bancorp by 15.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,714 shares of the financial services provider’s stock valued at $376,000 after buying an additional 1,056 shares during the period. Finally, Wells Fargo & Company MN grew its position in Fidelity D & D Bancorp by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 2,790 shares of the financial services provider’s stock valued at $136,000 after buying an additional 607 shares during the period. 20.05% of the stock is currently owned by institutional investors.

Fidelity D & D Bancorp Stock Performance

Shares of NASDAQ FDBC opened at $42.55 on Friday. The firm has a market capitalization of $248.58 million, a price-to-earnings ratio of 11.79 and a beta of 0.96. Fidelity D & D Bancorp, Inc. has a 12-month low of $37.00 and a 12-month high of $61.21. The firm has a 50 day moving average of $41.24 and a 200 day moving average of $46.22. 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 (NASDAQ:FDBC) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $1.03 earnings per share for the quarter. The business had revenue of $22.01 million during the quarter. Fidelity D & D Bancorp had a net margin of 16.50% and a return on equity of 10.49%.

Fidelity D & D Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 20th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.76%. Fidelity D & D Bancorp’s payout ratio is currently 42.55%.

Fidelity D & D Bancorp Company Profile

Fidelity D&D Bancorp, Inc is a holding company, which engages in the provision of commercial banking services. It operates through the following segments: Commercial and Industrial, Commercial Real Estate, Consumer, and Residential Real Estate. The Commercial and Industrial segment refers to identified historic and/or the projected cash flows of the borrower and secondarily to the underlying collateral provided by the borrower.