NasdaqGM:FDBC

Stock Analysis Report

Fidelity D & D Bancorp

Executive Summary

Fidelity D & D Bancorp, Inc. operates as the holding company for The Fidelity Deposit and Discount Bank, a state chartered commercial bank that provides a range of banking, financial, and trust services to individuals, small businesses, and corporate customers primarily in Lackawanna and Luzerne counties in Pennsylvania.

Rewards

Earnings have grown 13.5% per year over the past 5 years

Pays a reliable dividend of 2.16%

Risk Analysis

No risks detected for FDBC from our risk checks.


Snowflake Analysis

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Fidelity D & D Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FDBC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.2%

FDBC

2.9%

US Banks

5.3%

US Market


1 Year Return

-12.7%

FDBC

-27.8%

US Banks

-10.7%

US Market

Return vs Industry: FDBC exceeded the US Banks industry which returned -26.4% over the past year.

Return vs Market: FDBC underperformed the US Market which returned -10.4% over the past year.


Shareholder returns

FDBCIndustryMarket
7 Day5.2%2.9%5.3%
30 Day5.4%-26.3%-13.6%
90 Day-16.5%-39.3%-19.8%
1 Year-11.1%-12.7%-25.6%-27.8%-8.9%-10.7%
3 Year100.5%88.7%-17.1%-23.1%15.5%8.0%
5 Year147.4%116.5%10.9%-1.7%35.2%20.4%

Price Volatility Vs. Market

How volatile is Fidelity D & D Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Fidelity D & D Bancorp undervalued compared to its fair value and its price relative to the market?

16.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FDBC ($51.95) is trading above our estimate of fair value ($50.84)

Significantly Below Fair Value: FDBC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FDBC is poor value based on its PE Ratio (17x) compared to the Banks industry average (8.9x).

PE vs Market: FDBC is poor value based on its PE Ratio (17x) compared to the US market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FDBC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FDBC is overvalued based on its PB Ratio (1.8x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is Fidelity D & D Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-1.2%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Fidelity D & D Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Fidelity D & D Bancorp performed over the past 5 years?

13.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FDBC has high quality earnings.

Growing Profit Margin: FDBC's current net profit margins (28.3%) are lower than last year (28.8%).


Past Earnings Growth Analysis

Earnings Trend: FDBC's earnings have grown by 13.5% per year over the past 5 years.

Accelerating Growth: FDBC's earnings growth over the past year (5.2%) is below its 5-year average (13.5% per year).

Earnings vs Industry: FDBC earnings growth over the past year (5.2%) underperformed the Banks industry 10.9%.


Return on Equity

High ROE: FDBC's Return on Equity (10.8%) is considered low.


Next Steps

Financial Health

How is Fidelity D & D Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: FDBC has a low level of unsold assets or inventory.

Debt Coverage by Assets: FDBC's debt is not covered by short term assets (assets are 0.4x debt).


Financial Institutions Analysis

Asset Level: FDBC's level of assets compared to its equity is low.

Allowance for Bad Loans: FDBC has a sufficient allowance for bad loans.

Low Risk Liabilities: FDBC's liabilities are made up of primarily low risk sources of funding.

Loan Level: FDBC has an acceptable proportion of non-loan assets held.

Low Risk Deposits: FDBC's loans are broadly funded by customer deposits.

Level of Bad Loans: FDBC has an appropriate level of bad loans (0.49%)


Next Steps

Dividend

What is Fidelity D & D Bancorp's current dividend yield, its reliability and sustainability?

2.16%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FDBC's dividend (2.16%) is higher than the bottom 25% of dividend payers in the US market (1.95%).

High Dividend: FDBC's dividend (2.16%) is low compared to the top 25% of dividend payers in the US market (5.4%).


Stability and Growth of Payments

Stable Dividend: FDBC's dividends per share have been stable in the past 10 years.

Growing Dividend: FDBC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.6%), FDBC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Dan Santaniello (53yo)

9.25s

Tenure

US$667,447

Compensation

Mr. Daniel J. Santaniello, also known as Dan, has been the Chief Executive Officer and President of Fidelity D&D BanCorp Inc and its subsidiary Fidelity Deposit and Discount Bank since December 2, 2010. Mr ...


CEO Compensation Analysis

Compensation vs Market: Dan's total compensation ($USD667.45K) is below average for companies of similar size in the US market ($USD1.49M).

Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Daniel Santaniello
President9.25yrsUS$667.45k1.05% $2.1m
Salvatore DeFrancesco
Treasurer & CFO17.17yrsUS$420.11k0.63% $1.3m
Eugene Walsh
VP & COO3.83yrsUS$379.07k0.19% $371.1k
Timothy O'Brien
Senior EVP and Chief Lending Officer of Fidelity Deposit & Discount Bankno dataUS$443.48k0.29% $584.5k
Michael Pacyna
Executive VP and Chief Business Development Officer of Fidelity Deposit & Discount Bank4.83yrsUS$403.62k0.11% $220.3k
John Cognetti
Secretary & Independent Director21.17yrsUS$99.48k0.63% $1.3m
Mary McDonald
Assistant Secretary of the Board & Independent Director20.17yrsUS$99.48k3.67% $7.3m
Kerry Lobel
Senior VP & Chief Information Officer1.17yrsno datano data
John Pash
Investor Relations Officerno datano datano data
Joann Marsili
Senior VP and Director of Marketing & Digital Sales2.42yrsno datano data

4.3yrs

Average Tenure

54yo

Average Age

Experienced Management: FDBC's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Daniel Santaniello
President9.25yrsUS$667.45k1.05% $2.1m
John Cognetti
Secretary & Independent Director21.17yrsUS$99.48k0.63% $1.3m
Mary McDonald
Assistant Secretary of the Board & Independent Director20.17yrsUS$99.48k3.67% $7.3m
Brian Cali
Independent Chairman of the Board1.42yrsUS$129.48k8.94% $17.8m
Patrick Dempsey
Chairman Emeritusno dataUS$116.98k3.09% $6.1m
Michael McDonald
Independent Vice Chairman of the Board16.17yrsUS$111.98k3.88% $7.7m
David Tressler
Independent Director21.17yrsUS$99.48k0.72% $1.4m
Richard Lettieri
Independent Director8yrsUS$99.48k1.46% $2.9m
Kristin O'Donnell
Independent Director8yrsUS$101.35k1.86% $3.7m
William Joyce
Independent Director0.17yrno data0.082% $163.5k

9.0yrs

Average Tenure

67.5yo

Average Age

Experienced Board: FDBC's board of directors are considered experienced (9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FDBC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Fidelity D & D Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fidelity D & D Bancorp, Inc.
  • Ticker: FDBC
  • Exchange: NasdaqGM
  • Founded: 1903
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$198.782m
  • Shares outstanding: 3.83m
  • Website: https://www.bankatfidelity.com

Number of Employees


Location

  • Fidelity D & D Bancorp, Inc.
  • 101 North Blakely Street
  • Dunmore
  • Pennsylvania
  • 18512
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FDBCNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDDec 1990

Biography

Fidelity D & D Bancorp, Inc. operates as the holding company for The Fidelity Deposit and Discount Bank, a state chartered commercial bank that provides a range of banking, financial, and trust services to individuals, small businesses, and corporate customers primarily in Lackawanna and Luzerne counties in Pennsylvania. The company accepts various deposits products, such as demand, 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. Its loan portfolio includes commercial and industrial loans, commercial real estate loans, consumer loans, and residential mortgage loans. The company also provides alternative financial and insurance products with asset management services. As of December 31, 2018, it operated 11 full-service banking offices. Fidelity D & D Bancorp, Inc. was founded in 1903 and is headquartered in Dunmore, Pennsylvania. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 02:13
End of Day Share Price2020/03/30 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.