Fidelity Southern Corp. (LION) Sees Strong Trading Volume
Fidelity Southern Corp. (NASDAQ:LION) saw unusually-strong trading volume on Tuesday . Approximately 535,486 shares were traded during 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 research analysts have commented on LION shares. Zacks Investment Research downgraded shares of Fidelity Southern Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 26th. FBR & Co started coverage on shares of Fidelity Southern Corp. in a report on Wednesday, May 18th. They set a “market perform” rating and a $18.00 price objective on the stock. Finally, 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 report on Friday, July 22nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Fidelity Southern Corp. has a consensus rating of “Hold” and an average price target of $20.80.
The stock has a market cap of $448.47 million and a PE ratio of 16.16. The stock has a 50 day moving average price of $16.48 and a 200 day moving average price of $15.97.
Fidelity Southern Corp. (NASDAQ:LION) last issued its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.45 by $0.19. On average, analysts predict that Fidelity Southern Corp. will post $1.63 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Tuesday, August 2nd will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, July 29th. This represents a $0.48 annualized dividend and a dividend yield of 2.73%.
In related news, insider James B. Miller, Jr. purchased 6,640 shares of Fidelity Southern Corp. stock in a transaction dated Friday, June 17th. The stock was purchased at an average cost of $15.03 per share, for a total transaction of $99,799.20. Following the completion of the acquisition, the insider now directly owns 2,755,914 shares of the company’s stock, valued at $41,421,387.42. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
An institutional investor recently raised its position in Fidelity Southern Corp. stock. Bank of Montreal Can increased its stake in shares of Fidelity Southern Corp. (NASDAQ:LION) by 345.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 0.37% of Fidelity Southern Corp. worth $1,884,000 as of its most recent SEC filing.
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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