Bank of New York Mellon Corp Acquires 639 Shares of Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC)

Bank of New York Mellon Corp raised its holdings in shares of Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 29,356 shares of the financial services provider’s stock after buying an additional 639 shares during the period. Bank of New York Mellon Corp’s holdings in Fidelity D & D Bancorp were worth $1,433,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Fidelity D & D Bancorp by 322.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,885 shares of the financial services provider’s stock worth $438,000 after acquiring an additional 6,783 shares during the last quarter. Barclays PLC boosted its holdings in Fidelity D & D Bancorp by 170.6% during the 3rd 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 last quarter. State Street Corp boosted its holdings in Fidelity D & D Bancorp by 3.3% during 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 during the last quarter. Geode Capital Management LLC boosted its holdings in Fidelity D & D Bancorp by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 109,925 shares of the financial services provider’s stock worth $5,424,000 after acquiring an additional 2,099 shares during the last quarter. Finally, FMR LLC boosted its holdings in Fidelity D & D Bancorp by 849.2% during the 3rd quarter. FMR LLC now owns 1,680 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 1,503 shares during the last quarter. Institutional investors own 20.05% of the company’s stock.

Insider Activity at Fidelity D & D Bancorp

In other news, Chairman Brian J. Cali acquired 880 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were acquired at an average cost of $44.00 per share, for a total transaction of $38,720.00. Following the purchase, the chairman now owns 403,439 shares of the company’s stock, valued at approximately $17,751,316. The trade was a 0.22 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 21.00% of the stock is currently owned by company insiders.

Fidelity D & D Bancorp Price Performance

FDBC opened at $43.33 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $249.88 million, a price-to-earnings ratio of 12.00 and a beta of 0.54. The firm’s fifty day moving average price is $44.15 and its two-hundred day moving average price is $49.02. Fidelity D & D Bancorp, Inc. has a 1 year low of $41.00 and a 1 year high of $61.21.

Fidelity D & D Bancorp (NASDAQ:FDBC) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.01 earnings per share for 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 disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend was Friday, February 14th. Fidelity D & D Bancorp’s dividend payout ratio is currently 44.32%.

About Fidelity D & D Bancorp

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.