Today: Today, Fidelity Southern Corp. (LION) Insider Sold $57,625.00 in Stock

Today, Fidelity Southern Corp. (LION) Insider Sold $57,625.00 in Stock

Fidelity Southern Corp. (NASDAQ:LION) insider Stephen H. Brolly sold 2,500 shares of the stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $23.05, for a total value of $57,625.00. Following the completion of the sale, the insider now owns 36,496 shares of the company’s stock, valued at approximately $841,232.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Fidelity Southern Corp. (NASDAQ:LION) traded down 3.45% during trading on Monday, hitting $22.41. 137,960 shares of the stock were exchanged. The stock has a 50 day moving average price of $19.99 and a 200-day moving average price of $17.64. The firm has a market capitalization of $585.78 million, a PE ratio of 19.17 and a beta of 1.04. Fidelity Southern Corp. has a 12-month low of $14.01 and a 12-month high of $23.23.

Fidelity Southern Corp. (NASDAQ:LION) last issued its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by $0.01. The company earned $79.20 million during the quarter, compared to analyst estimates of $72.40 million. Fidelity Southern Corp. had a net margin of 11.42% and a return on equity of 12.76%. On average, equities research analysts anticipate that Fidelity Southern Corp. will post $1.31 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Wednesday, November 2nd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Monday, October 31st. Fidelity Southern Corp.’s dividend payout ratio is currently 40.00%.

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in Fidelity Southern Corp. by 80.4% in the third quarter. BlackRock Inc. now owns 8,650 shares of the financial services provider’s stock worth $159,000 after buying an additional 3,854 shares in the last quarter. American International Group Inc. raised its stake in Fidelity Southern Corp. by 22.1% in the second quarter. American International Group Inc. now owns 11,941 shares of the financial services provider’s stock worth $187,000 after buying an additional 2,165 shares in the last quarter. Panagora Asset Management Inc. raised its stake in Fidelity Southern Corp. by 31.5% in the second quarter. Panagora Asset Management Inc. now owns 13,869 shares of the financial services provider’s stock worth $217,000 after buying an additional 3,324 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Fidelity Southern Corp. by 36.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 16,033 shares of the financial services provider’s stock worth $251,000 after buying an additional 4,324 shares in the last quarter. Finally, InterOcean Capital LLC raised its stake in Fidelity Southern Corp. by 10.5% in the second quarter. InterOcean Capital LLC now owns 17,200 shares of the financial services provider’s stock worth $270,000 after buying an additional 1,634 shares in the last quarter. 62.47% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research lowered Fidelity Southern Corp. from a “buy” rating to a “hold” rating in a report on Monday, September 26th.

About Fidelity Southern Corp.

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