Fidelity Southern Corporation (NASDAQ:LION) insider James B. Miller, Jr. sold 35,700 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $22.11, for a total transaction of $789,327.00. Following the sale, the insider now owns 2,876,372 shares in the company, valued at $63,596,584.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Fidelity Southern Corporation (LION) traded down $0.45 on Thursday, hitting $22.05. 104,448 shares of the stock were exchanged, compared to its average volume of 102,439. Fidelity Southern Corporation has a fifty-two week low of $20.08 and a fifty-two week high of $24.95. The firm has a market cap of $590.34, a price-to-earnings 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 data on Thursday, October 19th. The financial services provider reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.06). Fidelity Southern had a net margin of 13.78% and a return on equity of 11.30%. The firm had revenue of $67.03 million during the quarter, compared to analyst estimates of $71.20 million. equities research analysts expect that Fidelity Southern Corporation will post 1.37 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in shares of Fidelity Southern by 55.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 183,764 shares of the financial services provider’s stock valued at $4,201,000 after purchasing an additional 65,544 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of Fidelity Southern by 4.6% in the 2nd quarter. Gamco Investors INC. ET AL now owns 45,514 shares of the financial services provider’s stock valued at $1,040,000 after purchasing an additional 2,000 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Fidelity Southern by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,167,050 shares of the financial services provider’s stock valued at $26,679,000 after purchasing an additional 49,026 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Fidelity Southern by 6.4% in the 2nd quarter. Prudential Financial Inc. now owns 393,289 shares of the financial services provider’s stock valued at $8,991,000 after purchasing an additional 23,640 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Fidelity Southern by 102.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 88,370 shares of the financial services provider’s stock valued at $2,020,000 after purchasing an additional 44,644 shares in the last quarter. Institutional investors and hedge funds own 69.45% of the company’s stock.
LION has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Fidelity Southern from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. BidaskClub upgraded shares of Fidelity Southern from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average 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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