PNC Financial Services Group Inc. Purchases 1,056 Shares of Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC)

PNC Financial Services Group Inc. boosted its position in shares of Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) by 15.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,714 shares of the financial services provider’s stock after acquiring an additional 1,056 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Fidelity D & D Bancorp were worth $376,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FDBC. FMR LLC increased its stake in Fidelity D & D Bancorp by 849.2% in the 3rd quarter. FMR LLC now owns 1,680 shares of the financial services provider’s stock worth $83,000 after buying an additional 1,503 shares during the period. State Street Corp grew its stake in Fidelity D & D Bancorp by 3.3% in the 3rd quarter. State Street Corp now owns 71,231 shares of the financial services provider’s stock worth $3,515,000 after acquiring an additional 2,280 shares in the last quarter. Barclays PLC increased its position in shares of 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 worth $398,000 after acquiring an additional 5,082 shares during the period. Geode Capital Management LLC raised its stake in shares of Fidelity D & D Bancorp by 1.9% during the third quarter. Geode Capital Management LLC now owns 109,925 shares of the financial services provider’s stock valued at $5,424,000 after acquiring an additional 2,099 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Fidelity D & D Bancorp by 322.7% in the third quarter. JPMorgan Chase & Co. now owns 8,885 shares of the financial services provider’s stock valued at $438,000 after purchasing an additional 6,783 shares during the period. 20.05% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fidelity D & D Bancorp

In related news, Chairman Brian J. Cali acquired 880 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was acquired at an average price of $44.00 per share, with a total value of $38,720.00. Following the acquisition, the chairman now directly owns 403,439 shares in the company, valued at $17,751,316. This represents a 0.22 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 17.68% of the company’s stock.

Fidelity D & D Bancorp Price Performance

FDBC opened at $44.11 on Friday. The company has a market capitalization of $254.38 million, a price-to-earnings ratio of 12.22 and a beta of 0.54. 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 $41.00 and a 12-month high of $61.21. The business’s fifty day simple moving average is $44.14 and its 200-day simple moving average is $49.14.

Fidelity D & D Bancorp (NASDAQ:FDBC) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter. Fidelity D & D Bancorp had a return on equity of 10.49% and a net margin of 16.50%.

Fidelity D & D Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a $0.40 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.63%. Fidelity D & D Bancorp’s dividend payout ratio is currently 44.32%.

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.