Fidelity Southern Corp. (LION) Insider Stephen H. Brolly Sells 2,500 Shares of Stock
Fidelity Southern Corp. (NASDAQ:LION) insider Stephen H. Brolly sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $23.05, for a total transaction of $57,625.00. Following the sale, the insider now owns 36,496 shares in the company, valued at $841,232.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Fidelity Southern Corp. (NASDAQ:LION) opened at 22.41 on Tuesday. The firm has a 50-day moving average of $20.11 and a 200 day moving average of $17.72. Fidelity Southern Corp. has a 52 week low of $14.01 and a 52 week high of $23.23. The firm has a market capitalization of $585.78 million, a price-to-earnings ratio of 19.17 and a beta of 1.04.
Fidelity Southern Corp. (NASDAQ:LION) last announced its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Fidelity Southern Corp. had a net margin of 11.42% and a return on equity of 12.76%. The business earned $79.20 million during the quarter, compared to analyst estimates of $72.40 million. On average, equities analysts predict that Fidelity Southern Corp. will post $1.31 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Wednesday, November 2nd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.15%. The ex-dividend date was Monday, October 31st. Fidelity Southern Corp.’s dividend payout ratio (DPR) is currently 40.00%.
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A number of institutional investors have recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. boosted its position in shares of Fidelity Southern Corp. by 5.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,352,184 shares of the financial services provider’s stock valued at $21,689,000 after buying an additional 72,911 shares during the period. Cutler Capital Management LLC raised its stake in Fidelity Southern Corp. by 67.7% in the second quarter. Cutler Capital Management LLC now owns 182,019 shares of the financial services provider’s stock worth $2,852,000 after buying an additional 73,459 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Fidelity Southern Corp. by 5.2% in the second quarter. Bank of New York Mellon Corp now owns 104,709 shares of the financial services provider’s stock worth $1,641,000 after buying an additional 5,150 shares in the last quarter. California State Teachers Retirement System raised its stake in Fidelity Southern Corp. by 5.9% in the second quarter. California State Teachers Retirement System now owns 43,494 shares of the financial services provider’s stock worth $682,000 after buying an additional 2,441 shares in the last quarter. Finally, Context BH Capital Management LP purchased a new stake in Fidelity Southern Corp. during the second quarter worth approximately $1,551,000. Hedge funds and other institutional investors own 62.47% of the company’s stock.
Separately, Zacks Investment Research lowered shares of Fidelity Southern Corp. from a “buy” rating to a “hold” rating in a report on Monday, September 26th.
About Fidelity Southern Corp.
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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