November 30, 2016 - By Linda Rogers
At an average stock price per share of $22.5, Donald Harp, the Fidelity Southern Corp’s director unloaded 10,000 shares of Fidelity Southern Corp worth exactly $225,400 USD. The deal, dated November 30, 2016, is recorded on a report submitted with the Security Exchange Commission and is also available for a free review here. The probability of this transaction remaining a secret is very little as it’s new, with the director now having rights to 23,262 shares — that is 0.09% of Fidelity Southern Corp’s stock market capitalization.
Out of 4 analysts covering Fidelity Southern Corp (NASDAQ:LION), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Fidelity Southern Corp has been the topic of 4 analyst reports since July 17, 2015 according to StockzIntelligence Inc. FBR Capital initiated Fidelity Southern Corporation (NASDAQ:LION) on Wednesday, May 18 with “Market Perform” rating. The stock of Fidelity Southern Corporation (NASDAQ:LION) earned “Outperform” rating by Keefe Bruyette & Woods on Friday, July 22. On Friday, July 22 the stock rating was upgraded by Wood to “Outperform”.
Insitutional Activity: The institutional sentiment increased to 1.56 in Q2 2016. Its up 0.26, from 1.3 in 2016Q1. The ratio increased, as 9 funds sold all Fidelity Southern Corporation shares owned while 28 reduced positions. 12 funds bought stakes while 36 increased positions. They now own 15.28 million shares or 0.03% more from 15.27 million shares in 2016Q1.
Parametric Portfolio Associate Ltd Co last reported 0% of its portfolio in the stock. Alliancebernstein Ltd Partnership last reported 0% of its portfolio in the stock. Blackrock Advsr Ltd reported 186,731 shares or 0% of all its holdings. Manufacturers Life Ins The last reported 15,032 shares in the company. Moreover, Pnc Finance Svcs Group has 0% invested in Fidelity Southern Corporation (NASDAQ:LION) for 122,167 shares. Ejf Capital Limited Liability Co last reported 0.74% of its portfolio in the stock. Amer Grp Inc reported 11,941 shares or 0% of all its holdings. Moreover, Madden Advisory Service has 0.19% invested in Fidelity Southern Corporation (NASDAQ:LION) for 19,871 shares. Capital Impact Advsrs Lc last reported 58,269 shares in the company. Moreover, Susquehanna Grp Limited Liability Partnership has 0% invested in Fidelity Southern Corporation (NASDAQ:LION) for 26,599 shares. Globeflex Capital Lp last reported 0.1% of its portfolio in the stock. Delta Asset Management Lc Tn holds 0% of its portfolio in Fidelity Southern Corporation (NASDAQ:LION) for 200 shares. California Pub Employees Retirement has invested 0% of its portfolio in Fidelity Southern Corporation (NASDAQ:LION). Blackrock Inc owns 4,796 shares or 0% of their US portfolio. Banc Funds Com Limited Liability has 1.46 million shares for 1.33% of their US portfolio.
Insider Transactions: Since June 10, 2016, the stock had 6 insider buys, and 5 selling transactions for $1.88 million net activity. Brolly Stephen H also sold $57,625 worth of Fidelity Southern Corporation (NASDAQ:LION) on Wednesday, November 23. Another trade for 221 shares valued at $3,995 was made by SHEPHERD W CLYDE III on Friday, September 9. On Monday, August 8 SMITH RANKIN M JR sold $478,190 worth of the stock or 27,571 shares. Lankford William C Jr sold $221,688 worth of stock or 12,000 shares.
About 27,925 shares traded hands. Fidelity Southern Corporation (NASDAQ:LION) has risen 35.54% since April 27, 2016 and is uptrending. It has outperformed by 30.31% the S&P500.
Fidelity Southern Corporation is a bank holding company. The company has a market cap of $588.92 million. The Firm operates in the community banking segment. It has a 22.58 P/E ratio. It conducts its activities through its subsidiary bank, Fidelity Bank .
According to Zacks Investment Research, “Fidelity Southern Corporation, through its operating subsidiary Fidelity Bank, provides a wide range of banking, mortgage and investment services through branches in Atlanta, Georgia. Mortgage, construction, and automobile loans are also provided through offices in Jacksonville, Florida.”
Analysts await Fidelity Southern Corporation (NASDAQ:LION) to report earnings on January, 19. They expect $0.38 EPS, up 35.71% or $0.10 from last year’s $0.28 per share. LION’s profit will be $9.99M for 14.74 P/E if the $0.38 EPS becomes a reality. After $0.48 actual EPS reported by Fidelity Southern Corporation for the previous quarter, Wall Street now forecasts -20.83% negative EPS growth.
More important recent Fidelity Southern Corporation (NASDAQ:LION) news were published by: Prnewswire.com which released: “Fidelity Southern Corporation Completes Merger With American Enterprise ..” on March 01, 2016, also Nasdaq.com published article titled: “Fidelity Southern Corporation (LION) Ex-Dividend Date Scheduled for October 31 ..”, Prnewswire.com published: “Fidelity Southern Corporation Completes Acquisition of Eight Florida Branches” on September 14, 2015. More interesting news about Fidelity Southern Corporation (NASDAQ:LION) was released by: Seekingalpha.com and their article: “Fidelity Southern Sees Growth In Atlanta” with publication date: November 15, 2016.
Fidelity Southern Corporation (FSC), incorporated on August 3, 1979, is a bank holding company. The Firm operates in the community banking segment. The Firm conducts its activities through its subsidiary bank, Fidelity Bank, which is a state chartered bank (the Bank). The Bank provides various financial services and products for retail clients and small to medium-sized businesses, primarily in Atlanta and Jacksonville, Orlando and Sarasota-Bradenton, Florida markets. It also conducts indirect automobile lending, residential mortgage lending and Small Business Administration (SBA) lending activities in over 10 states. The Firm offers services and products through a network of offices located in Southern states consisting of over 50 owned and over 10 leased retail bank branches, and over 30 loan production offices.
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By Linda Rogers