Fidelity Southern Corporation (LION) Insider Sells $83,000.00 in Stock
Fidelity Southern Corporation (NASDAQ:LION) insider David Buchanan sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $20.75, for a total transaction of $83,000.00. Following the completion of the sale, the insider now owns 254,693 shares of the company’s stock, valued at $5,284,879.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Fidelity Southern Corporation (NASDAQ LION) traded up $0.01 during trading on Monday, hitting $20.61. 98,100 shares of the stock were exchanged, compared to its average volume of 103,925. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.02 and a quick ratio of 0.93. Fidelity Southern Corporation has a twelve month low of $20.08 and a twelve month high of $24.95. The firm has a market capitalization of $553.04, a PE ratio of 12.88 and a beta of 1.34.
Fidelity Southern Corporation (NASDAQ:LION) last announced its earnings results on Thursday, October 19th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.06). Fidelity Southern Corporation 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 the consensus estimate of $71.20 million. equities research analysts anticipate that Fidelity Southern Corporation will post 1.37 EPS for the current year.
A number of hedge funds have recently made changes to their positions in LION. Dimensional Fund Advisors LP increased its position in Fidelity Southern Corporation by 14.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,298,246 shares of the financial services provider’s stock worth $29,055,000 after acquiring an additional 160,607 shares during the period. Vanguard Group Inc. increased its position in Fidelity Southern Corporation by 13.0% during the first quarter. Vanguard Group Inc. now owns 1,118,024 shares of the financial services provider’s stock worth $25,021,000 after acquiring an additional 128,613 shares during the period. Martingale Asset Management L P bought a new position in Fidelity Southern Corporation during the second quarter worth $2,427,000. Ameriprise Financial Inc. increased its position in Fidelity Southern Corporation by 55.4% during the second quarter. Ameriprise Financial Inc. now owns 183,764 shares of the financial services provider’s stock worth $4,201,000 after acquiring an additional 65,544 shares during the period. Finally, Citadel Advisors LLC bought a new position in Fidelity Southern Corporation during the second quarter worth $1,427,000. 67.84% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. BidaskClub upgraded shares of Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $25.00 price objective on shares of Fidelity Southern Corporation in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.50.
Fidelity Southern Corporation 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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