Fidelity Southern Corporation (NASDAQ:LION) announced a quarterly dividend on Friday, July 21st, Fidelity reports. Shareholders of record on Tuesday, August 1st will be paid a dividend of 0.12 per share by the financial services provider on Monday, August 14th. This represents a $0.48 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Friday, July 28th.
Shares of Fidelity Southern Corporation (LION) traded down 2.53% during midday trading on Thursday, reaching $21.23. 93,203 shares of the company’s stock were exchanged. Fidelity Southern Corporation has a 1-year low of $16.24 and a 1-year high of $24.95. The company has a market capitalization of $566.95 million, a PE ratio of 11.93 and a beta of 1.31. The firm has a 50-day moving average of $22.34 and a 200-day moving average of $22.45.
Fidelity Southern Corporation (NASDAQ:LION) last announced its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.06. The firm had revenue of $74.60 million during the quarter, compared to analyst estimates of $71.32 million. Fidelity Southern Corporation had a return on equity of 12.87% and a net margin of 14.95%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts expect that Fidelity Southern Corporation will post $1.45 earnings per share for the current fiscal year.
In other Fidelity Southern Corporation news, insider H Palmer Proctor, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $23.09, for a total value of $346,350.00. Following the sale, the insider now owns 79,037 shares in the company, valued at approximately $1,824,964.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Buchanan sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $22.45, for a total value of $112,250.00. Following the completion of the sale, the insider now owns 208,693 shares in the company, valued at approximately $4,685,157.85. The disclosure for this sale can be found here. In the last quarter, insiders have bought 547 shares of company stock worth $12,001 and have sold 25,000 shares worth $576,950. Insiders own 18.77% of the company’s stock.
A number of analysts recently commented on the company. BidaskClub upgraded Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. ValuEngine cut Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. Zacks Investment Research cut Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Stephens restated a “hold” rating on shares of Fidelity Southern Corporation in a report on Friday, April 21st. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $25.00 target price on shares of Fidelity Southern Corporation in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.13.
About Fidelity Southern Corporation
Fidelity Southern Corporation is a bank holding company. The Company conducts its operations through its subsidiary bank, Fidelity Bank, which is a state chartered bank (the Bank). The Company provides an array of financial products and services for business and retail customers in the metropolitan Atlanta and Jacksonville, Orlando and Sarasota-Bradenton, Florida markets.
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