Fidelity Southern Corp. (LION) Sees Unusually-High Trading Volume
Shares of Fidelity Southern Corp. (NASDAQ:LION) saw strong trading volume on Tuesday . 535,486 shares changed hands during mid-day trading, an increase of 466% from the previous session’s volume of 94,680 shares.The stock last traded at $17.40 and had previously closed at $17.47.
Several equities analysts have recently weighed in on the stock. FBR & Co reissued a “hold” rating and issued a $18.00 price objective on shares of Fidelity Southern Corp. in a research report on Friday, July 22nd. Keefe, Bruyette & Woods raised shares of Fidelity Southern Corp. from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research report on Friday, July 22nd. Finally, Zacks Investment Research raised shares of Fidelity Southern Corp. from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Tuesday, July 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $20.80.
The firm has a market cap of $445.66 million and a price-to-earnings ratio of 16.06. The company has a 50-day moving average price of $16.53 and a 200-day moving average price of $15.98.
Fidelity Southern Corp. (NASDAQ:LION) last posted its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.19. On average, equities research analysts anticipate that Fidelity Southern Corp. will post $1.63 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Tuesday, August 2nd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Friday, July 29th.
In related news, insider James B. Miller, Jr. purchased 6,640 shares of the business’s stock in a transaction that occurred on Friday, June 17th. The shares were bought at an average cost of $15.03 per share, with a total value of $99,799.20. Following the acquisition, the insider now owns 2,755,914 shares of the company’s stock, valued at $41,421,387.42. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rankin M. Smith, Jr. sold 27,571 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $17.34, for a total transaction of $478,081.14. Following the completion of the transaction, the director now directly owns 266,330 shares in the company, valued at $4,618,162.20. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Fidelity Southern Corp. stock. Bank of Montreal Can increased its position in Fidelity Southern Corp. (NASDAQ:LION) by 345.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,439 shares of the financial services provider’s stock after buying an additional 65,463 shares during the period. Bank of Montreal Can owned about 0.37% of Fidelity Southern Corp. worth $1,884,000 at the end of the most recent quarter.
Fidelity Southern Corporation is a bank holding company. The Company operates in the community banking segment. It conducts its operations through its subsidiary bank, Fidelity Bank (the Bank). The Bank provides various financial products and services for retail customers and small to medium-sized businesses, primarily in Atlanta and Jacksonville, Orlando and Sarasota-Bradenton, Florida markets.
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