Fidelity Southern Corp. (LION) Trading 1.9% Higher
Fidelity Southern Corp. (NASDAQ:LION) traded up 1.9% during mid-day trading on Wednesday . The stock traded as high as $18.05 and last traded at $17.95, with a volume of 132,967 shares. The stock had previously closed at $17.61.
Several equities research analysts have issued reports on the stock. FBR & Co reaffirmed a “hold” rating and set a $18.00 price target on shares of Fidelity Southern Corp. in a research note 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 target on the stock in a research note 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 target on the stock in a research note on Tuesday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $20.80.
The company has a market cap of $467.33 million and a price-to-earnings ratio of 16.48. The firm has a 50-day moving average of $17.28 and a 200 day moving average of $16.22.
Fidelity Southern Corp. (NASDAQ:LION) last issued its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by $0.19. Equities research analysts anticipate that Fidelity Southern Corp. will post $1.63 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Tuesday, August 2nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, July 29th. This represents a $0.48 dividend on an annualized basis and a yield of 2.67%.
In related news, Director Rankin M. Smith, Jr. sold 52,078 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $17.46, for a total transaction of $909,281.88. Following the sale, the director now owns 238,330 shares in the company, valued at approximately $4,161,241.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James B. Miller, Jr. acquired 6,640 shares of Fidelity Southern Corp. stock in a transaction that occurred on Friday, June 17th. The shares were purchased at an average price of $15.03 per share, for a total transaction of $99,799.20. Following the transaction, the insider now directly owns 2,755,914 shares in the company, valued at $41,421,387.42. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in Fidelity Southern Corp. stock. Ameriprise Financial Inc. boosted its position in Fidelity Southern Corp. (NASDAQ:LION) by 537.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,084 shares of the financial services provider’s stock after buying an additional 69,213 shares during the period. Ameriprise Financial Inc. owned about 0.36% of Fidelity Southern Corp. worth $1,831,000 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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