Fidelity Southern Co. (NASDAQ:LION) was the target of a significant 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. Approximately 2.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 97,061 shares, the days-to-cover ratio is currently 4.7 days.
In other news, Director William C. Lankford, Jr. sold 2,365 shares of the company’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $24.02, for a total value of $56,807.30. Following the completion of the sale, the director now owns 10,182 shares in the company, valued at $244,571.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders bought 524 shares of company stock valued at $12,013. Insiders own 18.77% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. raised its position in Fidelity Southern by 55.8% during the fourth quarter. Meeder Asset Management Inc. now owns 7,901 shares of the financial services provider’s stock valued at $172,000 after buying an additional 2,829 shares during the period. Stone Ridge Asset Management LLC acquired a new position in Fidelity Southern during the fourth quarter valued at $203,000. MetLife Investment Advisors LLC acquired a new position in Fidelity Southern during the fourth quarter valued at $236,000. BNP Paribas Arbitrage SA raised its position in Fidelity Southern by 84.8% during 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. Finally, Two Sigma Investments LP acquired a new position in Fidelity Southern during the fourth quarter valued at $283,000. 69.72% of the stock is currently owned by hedge funds and other institutional investors.
LION has been the subject of several research analyst reports. Zacks Investment Research lowered Fidelity Southern from a “buy” rating to a “sell” rating in a report on Wednesday, February 28th. BidaskClub downgraded Fidelity Southern from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 27th. Finally, Sandler O’Neill set a $25.00 target price on Fidelity Southern and gave the company a “hold” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Fidelity Southern presently has a consensus rating of “Hold” and a consensus price target of $25.00.
Shares of LION stock opened at $23.58 on Wednesday. Fidelity Southern has a fifty-two week low of $20.08 and a fifty-two week high of $24.96. The company has a market capitalization of $652.03, a price-to-earnings ratio of 18.41 and a beta of 1.25. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 0.30.
Fidelity Southern (NASDAQ:LION) last announced its earnings results on Friday, January 19th. The financial services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.04). The company had revenue of $64.76 million for the quarter, compared to analysts’ expectations of $67.00 million. Fidelity Southern had a net margin of 13.59% and a return on equity of 9.06%. sell-side analysts anticipate that Fidelity Southern will post 1.62 EPS for the current year.
Fidelity Southern Company Profile
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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