Fidelity Southern Corp. (LION) Insider Sells $57,625.00 in Stock
Fidelity Southern Corp. (NASDAQ:LION) insider Stephen H. Brolly sold 2,500 shares of Fidelity Southern Corp. stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $23.05, for a total value of $57,625.00. Following the completion of the sale, the insider now directly owns 36,496 shares of the company’s stock, valued at approximately $841,232.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Fidelity Southern Corp. (NASDAQ:LION) traded down 3.45% during midday trading on Monday, reaching $22.41. The company’s stock had a trading volume of 137,960 shares. The stock’s 50-day moving average price is $19.99 and its 200-day moving average price is $17.64. The firm has a market capitalization of $585.78 million, a price-to-earnings ratio of 19.17 and a beta of 1.04. Fidelity Southern Corp. has a 12 month low of $14.01 and a 12 month high of $23.23.
Fidelity Southern Corp. (NASDAQ:LION) last announced its quarterly earnings data on Thursday, October 20th. The financial services provider reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by $0.01. Fidelity Southern Corp. had a net margin of 11.42% and a return on equity of 12.76%. The company had revenue of $79.20 million for the quarter, compared to analyst estimates of $72.40 million. Analysts predict that Fidelity Southern Corp. will post $1.31 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Wednesday, November 2nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.15%. Fidelity Southern Corp.’s dividend payout ratio (DPR) is presently 40.00%.
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Separately, Zacks Investment Research downgraded Fidelity Southern Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 26th.
Several large investors have recently made changes to their positions in the stock. First Trust Advisors LP raised its stake in Fidelity Southern Corp. by 0.7% in the third quarter. First Trust Advisors LP now owns 35,663 shares of the financial services provider’s stock worth $656,000 after buying an additional 255 shares during the last quarter. Rhumbline Advisers raised its stake in Fidelity Southern Corp. by 1.4% in the third quarter. Rhumbline Advisers now owns 22,005 shares of the financial services provider’s stock worth $405,000 after buying an additional 300 shares during the last quarter. California State Teachers Retirement System raised its stake in Fidelity Southern Corp. by 0.9% in the third quarter. California State Teachers Retirement System now owns 43,894 shares of the financial services provider’s stock worth $807,000 after buying an additional 400 shares during the last quarter. InterOcean Capital LLC raised its stake in Fidelity Southern Corp. by 10.5% in the second quarter. InterOcean Capital LLC now owns 17,200 shares of the financial services provider’s stock worth $270,000 after buying an additional 1,634 shares during the last quarter. Finally, Cutler Capital Management LLC raised its stake in Fidelity Southern Corp. by 0.9% in the third quarter. Cutler Capital Management LLC now owns 183,709 shares of the financial services provider’s stock worth $3,378,000 after buying an additional 1,690 shares during the last quarter. Institutional investors own 62.47% of the company’s stock.
Fidelity Southern Corp. Company Profile
Fidelity Southern Corporation is a bank holding company. The Company operates in the community banking segment. It conducts its operations through its subsidiary bank, Fidelity Bank (the Bank). The Bank provides various financial products and services for retail customers and small to medium-sized businesses, primarily in Atlanta and Jacksonville, Orlando and Sarasota-Bradenton, Florida markets.
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