SCHEDULE: FJ Capital Discloses 4.46% Stake in Fifth District Bancorp

FJ Capital Management LLC, Financial Opportunity Fund LLC, and Martin Friedman collectively reported a 4.46% beneficial ownership stake in Fifth District Bancorp, Inc. common stock.

Summary

• FJ Capital Management LLC, Financial Opportunity Fund LLC, and Martin Friedman jointly filed an Amendment No. 4 to Schedule 13G regarding their beneficial ownership in Fifth District Bancorp, Inc. (FDSB).
• The reporting persons collectively beneficially own 247,691 shares of Fifth District Bancorp, Inc. common stock.
• This ownership represents 4.46% of the issuer's common stock.
• All reporting persons hold shared voting power and shared dispositive power over the 247,691 shares.
• The filing certifies that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a standard regulatory disclosure of beneficial ownership, indicating a passive investment stake. It does not contain information that would inherently suggest positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of passive beneficial ownership by an investment firm and its principals in a financial institution. Such disclosures are common in the banking sector as investment funds take positions in publicly traded banks.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant passive ownership stakes, confirming that the reported shares are not held for control purposes.

Key Dates

Keywords

Fifth District Bancorp, FDSB, FJ Capital Management, Financial Opportunity Fund, Beneficial Ownership, Schedule 13G, Common Stock, Investment Adviser, Passive Investment