Fidelity D & D Bancorp Inc Up 0.27% To $44.46 After Earnings

Friday, April 21, 2023 - Fidelity D & D Bancorp Inc (FDBC) reported upside earnings and revenues today.

Fidelity D & D Bancorp Inc's earnings came in at an EPS of $1.24 per share. The firm's earnings are down 6% since reporting $1.32 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were upbeat at $21.5 million. That revenue figure represents a 1.52% decrease from the year ago quarter.

The stock is up 0.27% to $44.46 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Trading in the five days leading up to the report earned Fidelity D & D Bancorp Inc a Neutral Sentiment Rank from InvestorsObserver.

Fidelity D & D Bancorp Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 0, putting Fidelity D & D Bancorp Inc in the bottom 25% of stocks. The firm was recently trading at a 52-week high of $52.9 on February 15, 2023 and set a 52-week low on May 17, 2022 at $34.2.

Fidelity D & D Bancorp Inc is a bank holding company. Through its wholly-owned state-chartered commercial bank subsidiary, The Fidelity Deposit and Discount Bank (the Bank), it offers a full range of traditional banking services. The Bank has a personal and corporate trust department and also provides alternative financial and insurance products with asset management services. Its primary market areas are Lackawanna, Luzerne and Northampton Counties, Pennsylvania. The company's primary deposit products are demand deposits and interest-bearing time, money market and savings accounts. It offers a full array of loan products to meet the needs of retail and commercial customers.