John T. Cognetti Sells 350 Shares of Fidelity D&D Bancorp (NASDAQ:FDBC) Stock

Fidelity D&D Bancorp (NASDAQ:FDBC) Director John T. Cognetti sold 350 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $62.75, for a total value of $21,962.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Fidelity D&D Bancorp stock traded down $0.95 on Friday, reaching $60.56. 410 shares of the company were exchanged, compared to its average volume of 1,727. Fidelity D&D Bancorp has a one year low of $53.01 and a one year high of $75.00. The stock has a market cap of $231.77 million, a P/E ratio of 20.71 and a beta of 0.15. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.27.

Fidelity D&D Bancorp (NASDAQ:FDBC) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.73 earnings per share for the quarter. Fidelity D&D Bancorp had a return on equity of 12.19% and a net margin of 24.41%. The business had revenue of $10.37 million for the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, May 20th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Friday, May 17th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Fidelity D&D Bancorp by 9.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,570 shares of the financial services provider’s stock valued at $389,000 after buying an additional 570 shares during the period. Northern Trust Corp lifted its holdings in shares of Fidelity D&D Bancorp by 5.2% during the 1st quarter. Northern Trust Corp now owns 26,702 shares of the financial services provider’s stock valued at $1,578,000 after buying an additional 1,326 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Fidelity D&D Bancorp by 98.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,550 shares of the financial services provider’s stock valued at $447,000 after buying an additional 3,742 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Fidelity D&D Bancorp by 3.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,158 shares of the financial services provider’s stock valued at $424,000 after buying an additional 270 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of Fidelity D&D Bancorp by 0.7% during the 1st quarter. BlackRock Inc. now owns 131,873 shares of the financial services provider’s stock valued at $7,796,000 after buying an additional 883 shares during the period. 11.85% of the stock is currently owned by hedge funds and other institutional investors.

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About Fidelity D&D Bancorp

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.

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