Fifth District Savings Bank’s Lock-Up Period Set To Expire on January 28th (NASDAQ:FDSB)

Fifth District Savings Bank’s (NASDAQ:FDSB) lock-up period is set to end on Tuesday, January 28th. Fifth District Savings Bank had issued 5,459,473 shares in its initial public offering on August 1st. The total size of the offering was $54,594,730 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Fifth District Savings Bank Trading Down 0.5 %

Shares of NASDAQ FDSB opened at $12.75 on Friday. Fifth District Savings Bank has a 52-week low of $9.85 and a 52-week high of $13.40. The firm has a 50-day moving average of $12.54. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.05.

Hedge Funds Weigh In On Fifth District Savings Bank

A number of hedge funds have recently made changes to their positions in FDSB. Geode Capital Management LLC acquired a new stake in Fifth District Savings Bank during the 3rd quarter worth $492,000. Creative Planning acquired a new position in Fifth District Savings Bank during the third quarter worth $622,000. Finally, Fourthstone LLC purchased a new stake in Fifth District Savings Bank in the 3rd quarter valued at $1,058,000.

About Fifth District Savings Bank

Fifth District Bancorp, Inc is the holding company for Fifth District Savings Bank which provide all banking services. Fifth District Bancorp, Inc is based in NEW ORLEANS.