In a recent transaction, Brian J. Cali, Chairman of the Board at Fidelity D & D Bancorp Inc. (NASDAQ:FDBC), purchased shares of the company's common stock, reflecting confidence in the financial institution's future prospects. The transaction, dated March 28, 2024, involved the acquisition of 232.325 shares at a price of $48.8444 per share, amounting to a total investment of approximately $11,347.
The purchase by Mr. Cali is noteworthy as it represents a direct investment in the company's stock, further aligning his interests with those of Fidelity D & D Bancorp's shareholders. Following the transaction, the Chairman now directly owns a total of 393,687.7029 shares in the bank, which is headquartered in Dunmore, Pennsylvania.
Fidelity D & D Bancorp Inc. operates as a national commercial bank and is recognized for its financial services in the region. The company's shares are traded on the NASDAQ stock exchange under the ticker symbol FDBC, and it has a long-standing presence in the banking industry.
Investors often keep a close eye on insider transactions such as these, as they can provide valuable insights into the executives' perspectives on the company's value and potential. The recent purchase by Mr. Cali could be interpreted as a signal of his bullish stance on the bank's trajectory.
The report does not indicate any sale transactions by Mr. Cali at this time. It is also worth noting that the Chairman's family holds an indirect interest in the company, with shares owned for the benefit of his children.
Fidelity D & D Bancorp Inc. continues to maintain its business operations out of Dunmore, Pennsylvania, where it provides a range of banking products and services to its customers. The recent insider buying activity may attract the attention of current and potential investors who are monitoring the company's stock performance and leadership's actions.
InvestingPro Insights
In light of the recent insider purchase by Brian J. Cali, Chairman of Fidelity D & D Bancorp Inc. (NASDAQ:FDBC), investors may find it beneficial to consider several key metrics and insights from InvestingPro to gauge the company's financial health and performance. As of the last twelve months ending Q4 2023, Fidelity D & D Bancorp has a market capitalization of $269.85 million and exhibits a price-to-earnings (P/E) ratio of 14.82. These figures suggest a company with a moderate valuation relative to its earnings.
Investors should note that despite a significant price drop over the past three months, with a 15.87% decline in total return, Fidelity D & D Bancorp has a strong track record of maintaining and increasing its dividends. According to InvestingPro Tips, the company has raised its dividend for 9 consecutive years and has maintained dividend payments for 30 consecutive years, which might be particularly attractive to income-focused investors. The dividend yield stands at 3.14%, which is competitive in today's market environment.
Another point to consider, as highlighted by an InvestingPro Tip, is that Fidelity D & D Bancorp has been profitable over the last twelve months. However, investors should be aware of the company's weak gross profit margins, which may affect future profitability. For those looking to delve deeper into Fidelity D & D Bancorp's financials, metrics, and additional InvestingPro Tips, they can explore further with a subscription. There are currently 5 additional InvestingPro Tips available, which can be accessed at a discounted rate using the coupon code PRONEWS24 for an extra 10% off a yearly or biyearly Pro and Pro+ subscription.
With the next earnings date scheduled for April 19, 2024, and the InvestingPro Fair Value estimate at $39.01, investors and potential shareholders will be keen to monitor the company's performance and any strategic moves by the management team. This insider buying activity, coupled with the company's dividend history and current valuation, could be a signal worth considering in the broader context of Fidelity D & D Bancorp's financial outlook.
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