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American Fidelity Mortgage Services

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Friday, February 3rd will be given a $0.12 dividend. The ex-dividend date is Wednesday, February 1st. This represents a $0.48 annualized dividend and a dividend yield of 2.01%. Fidelity Southern Corporation’s dividend payout ratio is presently 32.21%.

In related news, Director Donald A. Harp, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $22.54, for a total value of $225,400.00. Following the sale, the director now directly owns 33,262 shares of the company’s stock, valued at $749,725.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, insider Stephen H. Brolly sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $23.05, for a total transaction of $57,625.00. Following the completion of the sale, the insider now directly

owns 36,496 shares in the company, valued at $841,232.80. The disclosure for this sale can be found here . 19.93% of the stock is currently owned by company insiders.

‘S stock had its “hold” rating reaffirmed by FBR & Co in a report issued on Monday. They presently have a $24.50 target price on the financial services provider’s stock. FBR & Co’s price objective suggests a potential downside of 1.09% from the company’s previous close.

The analysts wrote, “LION reported 4Q16 EPS of $0.57, but we estimate operating EPS of $0.25 after excluding a $13.1M recovery of a previously impaired mortgage servicing right (MSR). On this basis, operating EPS were below both our estimate of $0.39 and the Street’s $0.41. Overall, strong mortgage banking origination fees and the MSR recovery drove 4Q16 earnings as top-line revenues declined QOQ, primarily due to lower discount accretion income recognition and flat earning-asset volumes. Asset quality also declined modestly in the quarter, with an increase in both nonperforming loans and net charge-offs (which was fully covered by the loan loss provision), relative to last quarter.””

Category: American mortgage

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