Fidelity Southern Co. (NASDAQ:LION) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 460,464 shares, a decrease of 26.4% from the February 15th total of 625,226 shares. Based on an average daily trading volume, of 97,061 shares, the short-interest ratio is currently 4.7 days. Currently, 2.5% of the company’s stock are short sold.
In related news, Director William C. Lankford, Jr. sold 2,365 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $24.02, for a total transaction of $56,807.30. Following the sale, the director now directly owns 10,182 shares of the company’s stock, valued at approximately $244,571.64. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders have purchased 524 shares of company stock worth $12,013. 18.77% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in LION. Wells Fargo & Company MN raised its holdings in Fidelity Southern by 7.8% in the third quarter. Wells Fargo & Company MN now owns 143,359 shares of the financial services provider’s stock valued at $3,390,000 after buying an additional 10,381 shares during the period. BNP Paribas Arbitrage SA raised its holdings in Fidelity Southern by 84.8% in the third quarter. BNP Paribas Arbitrage SA now owns 11,899 shares of the financial services provider’s stock valued at $281,000 after buying an additional 5,459 shares during the period. State Street Corp raised its stake in shares of Fidelity Southern by 4.5% during the second quarter. State Street Corp now owns 460,743 shares of the financial services provider’s stock valued at $10,536,000 after purchasing an additional 19,985 shares during the period. Bessemer Group Inc. raised its stake in shares of Fidelity Southern by 59.3% during the third quarter. Bessemer Group Inc. now owns 33,300 shares of the financial services provider’s stock valued at $787,000 after purchasing an additional 12,400 shares during the period. Finally, Pinebridge Investments L.P. raised its stake in shares of Fidelity Southern by 159.5% during the fourth quarter. Pinebridge Investments L.P. now owns 36,889 shares of the financial services provider’s stock valued at $804,000 after purchasing an additional 22,671 shares during the period. 69.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of Fidelity Southern stock opened at $23.84 on Thursday. The company has a market cap of $637.44, a PE ratio of 18.00 and a beta of 1.25. Fidelity Southern has a 12 month low of $20.08 and a 12 month high of $24.96. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.30.
Fidelity Southern (NASDAQ:LION) last released its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.04). Fidelity Southern had a return on equity of 9.06% and a net margin of 13.59%. The firm had revenue of $64.76 million for the quarter, compared to analyst estimates of $67.00 million. equities analysts anticipate that Fidelity Southern will post 1.62 earnings per share for the current year.
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About Fidelity Southern
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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