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

Fifth District Savings Bank’s (NASDAQ:FDSB) lock-up period will expire on Tuesday, January 28th. Fifth District Savings Bank had issued 5,459,473 shares in its 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 Price Performance

Fifth District Savings Bank stock opened at $12.75 on Friday. The company 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. Fifth District Savings Bank has a 1 year low of $9.85 and a 1 year high of $13.40.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Creative Planning acquired a new stake in shares of Fifth District Savings Bank in the third quarter valued at $622,000. Fourthstone LLC purchased a new position in Fifth District Savings Bank during the 3rd quarter valued at about $1,058,000. Finally, Geode Capital Management LLC acquired a new position in Fifth District Savings Bank in the 3rd quarter valued at about $492,000.

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.