Fidelity Southern Corporation (LION) Insider James B. Miller, Jr. Sells 35,700 Shares
Fidelity Southern Corporation (NASDAQ:LION) insider James B. Miller, Jr. sold 35,700 shares of Fidelity Southern stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $22.11, for a total transaction of $789,327.00. Following the sale, the insider now owns 2,876,372 shares of the company’s stock, valued at $63,596,584.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Fidelity Southern Corporation (NASDAQ LION) traded up $0.19 during mid-day trading on Friday, hitting $22.24. 85,520 shares of the stock were exchanged, compared to its average volume of 72,256. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 1.02. Fidelity Southern Corporation has a 52 week low of $20.08 and a 52 week high of $24.95. The firm has a market cap of $591.69, a P/E ratio of 13.78 and a beta of 1.31.
Fidelity Southern (NASDAQ:LION) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.06). Fidelity Southern had a return on equity of 11.30% and a net margin of 13.78%. The company had revenue of $67.03 million for the quarter, compared to analyst estimates of $71.20 million. equities research analysts expect that Fidelity Southern Corporation will post 1.37 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Wednesday, November 1st were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 2.16%. Fidelity Southern’s dividend payout ratio is currently 30.00%.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Fidelity Southern from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. BidaskClub upgraded shares of Fidelity Southern from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $24.50.
Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of Fidelity Southern by 5.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,497,759 shares of the financial services provider’s stock worth $35,407,000 after purchasing an additional 80,070 shares during the last quarter. Vanguard Group Inc. raised its holdings in Fidelity Southern by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,167,050 shares of the financial services provider’s stock valued at $26,679,000 after acquiring an additional 49,026 shares during the last quarter. State Street Corp raised its holdings in Fidelity Southern by 4.5% in the 2nd quarter. State Street Corp now owns 460,743 shares of the financial services provider’s stock valued at $10,536,000 after acquiring an additional 19,985 shares during the last quarter. Prudential Financial Inc. raised its holdings in Fidelity Southern by 6.4% in the 2nd quarter. Prudential Financial Inc. now owns 393,289 shares of the financial services provider’s stock valued at $8,991,000 after acquiring an additional 23,640 shares during the last quarter. Finally, Foundry Partners LLC raised its holdings in Fidelity Southern by 13.3% in the 2nd quarter. Foundry Partners LLC now owns 261,650 shares of the financial services provider’s stock valued at $5,981,000 after acquiring an additional 30,675 shares during the last quarter. Hedge funds and other institutional investors own 69.45% of the company’s stock.
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Fidelity Southern Company Profile
Fidelity Southern Corporation is a bank holding company. The Company conducts its operations through its subsidiary bank, Fidelity Bank, which is a state chartered bank (the Bank). The Company provides an array of financial products and services for business and retail customers in the metropolitan Atlanta and Jacksonville, Orlando and Sarasota-Bradenton, Florida markets.
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