James B. Miller, Jr. Sells 35,700 Shares of Fidelity Southern Corporation (LION) Stock

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.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Wednesday, November 1st were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.18%. Fidelity Southern’s payout ratio is 30.00%.

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.

Insider Buying and Selling by Quarter for Fidelity Southern (NASDAQ:LION)

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