Fidelity Southern Corporation (NASDAQ:LION) insider David Buchanan sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $20.75, for a total value of $83,000.00. Following the sale, the insider now owns 254,693 shares in the company, valued at approximately $5,284,879.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Fidelity Southern Corporation (NASDAQ LION) opened at $20.88 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 1.02. The firm has a market capitalization of $553.04, a PE ratio of 12.88 and a beta of 1.34. Fidelity Southern Corporation has a one year low of $20.08 and a one year high of $24.95.
Fidelity Southern Corporation (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). The company had revenue of $67.03 million during the quarter, compared to analyst estimates of $71.20 million. Fidelity Southern Corporation had a net margin of 13.78% and a return on equity of 11.30%. equities research analysts forecast that Fidelity Southern Corporation will post 1.37 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Wednesday, November 1st will be issued a $0.12 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 2.30%. Fidelity Southern Corporation’s dividend payout ratio (DPR) is presently 30.00%.
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Several research firms have weighed in on LION. BidaskClub downgraded Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $25.00 price target on shares of Fidelity Southern Corporation in a research note on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $24.50.
Several hedge funds have recently modified their holdings of LION. Dimensional Fund Advisors LP lifted its holdings in shares of Fidelity Southern Corporation by 14.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,298,246 shares of the financial services provider’s stock valued at $29,055,000 after buying an additional 160,607 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Fidelity Southern Corporation by 13.0% in the 1st quarter. Vanguard Group Inc. now owns 1,118,024 shares of the financial services provider’s stock valued at $25,021,000 after buying an additional 128,613 shares during the period. Martingale Asset Management L P acquired a new position in shares of Fidelity Southern Corporation in the 2nd quarter valued at about $2,427,000. Ameriprise Financial Inc. lifted its holdings in shares of Fidelity Southern Corporation by 55.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 183,764 shares of the financial services provider’s stock valued at $4,201,000 after buying an additional 65,544 shares during the period. Finally, Citadel Advisors LLC acquired a new position in shares of Fidelity Southern Corporation in the 2nd quarter valued at about $1,427,000. 67.84% of the stock is owned by institutional investors and hedge funds.
About Fidelity Southern Corporation
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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