Fidelity Southern Co. (LION) Announces Quarterly Dividend of $0.12
Fidelity Southern Co. (NASDAQ:LION) announced a quarterly dividend on Monday, October 23rd, Wall Street Journal reports. Stockholders of record on Wednesday, November 1st will be given a dividend of 0.12 per share by the financial services provider on Tuesday, November 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Tuesday, October 31st.
Fidelity Southern (NASDAQ LION) traded down 4.09% during mid-day trading on Monday, hitting $21.55. The stock had a trading volume of 103,364 shares. Fidelity Southern has a one year low of $17.78 and a one year high of $24.95. The company has a 50 day moving average price of $22.67 and a 200-day moving average price of $22.24. The company has a market cap of $575.49 million, a price-to-earnings ratio of 12.11 and a beta of 1.32.
Fidelity Southern (NASDAQ:LION) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.06). The business had revenue of $67.03 million for the quarter, compared to analyst estimates of $71.20 million. Fidelity Southern had a net margin of 11.84% and a return on equity of 8.29%. Equities analysts expect that Fidelity Southern will post $1.39 earnings per share for the current fiscal year.
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Several equities analysts recently weighed in on LION shares. ValuEngine lowered shares of Fidelity Southern from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. Zacks Investment Research lowered shares of Fidelity Southern from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Keefe, Bruyette & Woods restated a “buy” rating and set a $25.00 target price on shares of Fidelity Southern in a report on Thursday, July 27th. Finally, BidaskClub downgraded shares of Fidelity Southern from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.50.
In related news, Director David R. Bockel sold 5,700 shares of Fidelity Southern stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $22.05, for a total transaction of $125,685.00. Following the sale, the director now owns 29,847 shares of the company’s stock, valued at approximately $658,126.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 545 shares of company stock worth $12,001 in the last ninety days. 18.77% of the stock is currently owned by insiders.
About Fidelity Southern
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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