Fidelity Southern Corp. (LION) Shares Down 2.7%
Fidelity Southern Corp. (NASDAQ:LION) was down 2.7% during trading on Monday . The company traded as low as $17.19 and last traded at $17.38, with a volume of 53,200 shares. The stock had previously closed at $17.87.
Several research analysts recently weighed in on LION shares. Zacks Investment Research cut Fidelity Southern Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 26th. FBR & Co started coverage on Fidelity Southern Corp. in a research report on Wednesday, May 18th. They set a “market perform” rating and a $18.00 price target for the company. Finally, Keefe, Bruyette & Woods upgraded Fidelity Southern Corp. from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research report on Friday, July 22nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $20.80.
The company’s 50 day moving average price is $16.42 and its 200-day moving average price is $15.96. The firm has a market capitalization of $445.15 million and a price-to-earnings ratio of 16.04.
Fidelity Southern Corp. (NASDAQ:LION) last released its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by $0.19. On average, equities analysts anticipate that Fidelity Southern Corp. will post $1.63 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Tuesday, August 2nd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, July 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.75%.
In other Fidelity Southern Corp. news, insider James B. Miller, Jr. acquired 6,640 shares of the company’s stock in a transaction dated Friday, June 17th. The shares were acquired at an average price of $15.03 per share, for a total transaction of $99,799.20. Following the acquisition, the insider now owns 2,755,914 shares in the company, valued at approximately $41,421,387.42. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
An institutional investor recently raised its position in Fidelity Southern Corp. stock. Bank of Montreal Can raised its position in shares of 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 approximately 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.