Fidelity Southern Corporation (NASDAQ:LION) Chairman James B. Miller, Jr. sold 17,347 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $21.91, for a total value of $380,072.77. Following the transaction, the chairman now directly owns 2,876,372 shares in the company, valued at $63,021,310.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Fidelity Southern Corporation (NASDAQ LION) traded down $0.45 during trading on Thursday, reaching $22.05. The company had a trading volume of 104,448 shares, compared to its average volume of 102,439. Fidelity Southern Corporation has a 1-year low of $20.08 and a 1-year high of $24.95. The company has a market capitalization of $590.34, a P/E ratio of 13.85 and a beta of 1.34. 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 (NASDAQ:LION) last announced its quarterly earnings results 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). Fidelity Southern 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. sell-side analysts anticipate that Fidelity Southern Corporation will post 1.37 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in Fidelity Southern during the third quarter worth $452,000. Dimensional Fund Advisors LP grew its holdings in Fidelity Southern by 5.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,497,759 shares of the financial services provider’s stock worth $35,407,000 after buying an additional 80,070 shares in the last quarter. Cutler Capital Management LLC grew its holdings in Fidelity Southern by 3.2% during the third quarter. Cutler Capital Management LLC now owns 192,694 shares of the financial services provider’s stock worth $4,555,000 after buying an additional 6,000 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Fidelity Southern by 133.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 81,142 shares of the financial services provider’s stock worth $1,919,000 after buying an additional 46,394 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Fidelity Southern by 7.8% during the third quarter. Wells Fargo & Company MN now owns 143,359 shares of the financial services provider’s stock worth $3,390,000 after buying an additional 10,381 shares in the last quarter. Institutional investors and hedge funds own 69.45% of the company’s stock.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Fidelity Southern from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. BidaskClub raised Fidelity Southern from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $24.50.
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Fidelity Southern 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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