What’s Propelling Fidelity D & D Bancorp, Inc. (FDBC) to Reach 52-Week High?

June 10, 2018 - By Mona Holcomb

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) Logo

Investors sentiment increased to 1.5 in Q1 2018. Its up 1.50, from 0 in 2017Q4. It is positive, as 1 investors sold Fidelity D & D Bancorp, Inc. shares while 3 reduced holdings. 5 funds opened positions while 1 raised stakes. 62,346 shares or 25.46% less from 83,642 shares in 2017Q4 were reported.
Community Bancshares Na reported 4,395 shares. 593 were reported by Morgan Stanley. 24,182 were accumulated by Millennium Mgmt Ltd Company. 3,458 are owned by Deutsche Bancorporation Ag. 2,069 were accumulated by Commercial Bank Of America De. Pnc Group Inc holds 0% or 7,155 shares. Keybank National Association Oh accumulated 7,816 shares. Citigroup holds 60 shares. Gendell Jeffrey L invested in 5,236 shares. 7,234 are owned by Cutler Cap Mgmt Ltd Liability Com.

Since December 11, 2017, it had 8 buys, and 0 insider sales for $415,800 activity. $51,975 worth of stock was bought by CALI BRIAN J on Tuesday, February 6. MCDONALD MICHAEL J had bought 1,050 shares worth $51,975. 1,050 shares valued at $51,975 were bought by MCDONALD MARY E on Tuesday, February 6. TRESSLER DAVID L bought $51,975 worth of stock. O’Donnell Kristin D also bought $51,975 worth of Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) on Tuesday, February 6. 3,000 shares were sold by DEFRANCESCO SALVATORE R JR, worth $131,250 on Monday, December 11.

The stock of Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) hit a new 52-week high and has $57.78 target or 3.00 % above today’s $56.10 share price. The 7 months bullish chart indicates low risk for the $210.46M company. The 1-year high was reported on Jun, 10 by Barchart.com. If the $57.78 price target is reached, the company will be worth $6.31M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.07% or $0.04 during the last trading session, reaching $56.1. About 7,597 shares traded or 360.42% up from the average. Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) has 0.00% since June 10, 2017 and is . It has underperformed by 12.57% the S&P500.

Fidelity D & D Bancorp, Inc. operates as the holding firm for The Fidelity Deposit and Discount Bank that provides a range of banking, financial, and trust services for individuals, small businesses, and corporate clients primarily in Lackawanna and Luzerne Counties in Pennsylvania. The company has market cap of $210.46 million. The firm accepts various deposits products, such as savings, clubs, interest and non-interest bearing checking, money market, and interest-bearing time and savings accounts, as well as short- and long-term time deposits or certificates of deposit. It has a 22.71 P/E ratio. The Company’s loan portfolio includes commercial and industrial loans, commercial real estate loans, consumer loans, and residential loans.

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) Institutional Positions Chart

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