Insider Selling: Stephen Brolly Unloads 2,000 Shares of Fidelity Southern Corp. Stock (LION)
Fidelity Southern Corp. (NASDAQ:LION) Insider Stephen Brolly sold 2,000 shares of the stock on the open market in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $13.32, for a total transaction of $26,640.00. Following the completion of the sale, the insider now directly owns 22,596 shares in the company, valued at approximately $300,979. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Fidelity Southern Corp. (NASDAQ:LION) traded up 1.11% during mid-day trading on Tuesday, hitting $13.61. 11,670 shares of the company’s stock traded hands. Fidelity Southern Corp. has a 52 week low of $11.5813 and a 52 week high of $17.8386. The stock’s 50-day moving average is $13.48 and its 200-day moving average is $14.78. The company has a market cap of $289.7 million and a P/E ratio of 11.80.
Fidelity Southern Corp. (NASDAQ:LION) last announced its earnings results on Thursday, April 17th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.06. The company had revenue of $20.27 million for the quarter, compared to the consensus estimate of $20.83 million. On average, analysts predict that Fidelity Southern Corp. will post $1.05 earnings per share for the current fiscal year.
LION has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods upgraded shares of Fidelity Southern Corp. from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 15th. They now have a $16.00 price target on the stock.
Fidelity Southern Corporation (NASDAQ:LION) is a bank holding company.
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