ValuEngine upgraded shares of Fidelity Southern (NASDAQ:LION) from a buy rating to a strong-buy rating in a research note released on Saturday.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Fidelity Southern from a sell rating to a hold rating in a research note on Wednesday, March 28th. Sandler O’Neill set a $25.00 target price on shares of Fidelity Southern and gave the company a hold rating in a research note on Monday, January 22nd. Finally, BidaskClub downgraded shares of Fidelity Southern from a strong-buy rating to a buy rating in a research note on Tuesday, February 27th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $25.00.
NASDAQ:LION opened at $22.66 on Friday. Fidelity Southern has a fifty-two week low of $20.08 and a fifty-two week high of $24.96. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 0.30. The company has a market cap of $612.57, a price-to-earnings ratio of 17.30 and a beta of 1.22.
Fidelity Southern (NASDAQ:LION) last issued its earnings results on Friday, January 19th. The financial services provider reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.04). Fidelity Southern had a net margin of 13.59% and a return on equity of 9.06%. The business had revenue of $64.76 million during the quarter, compared to analysts’ expectations of $67.00 million. equities analysts predict that Fidelity Southern will post 1.62 earnings per share for the current fiscal year.
In other news, Director William C. Lankford, Jr. sold 2,365 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $24.02, for a total value of $56,807.30. Following the transaction, the director now 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 accessible through this hyperlink. Company insiders own 18.77% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in LION. Principal Financial Group Inc. increased its stake in Fidelity Southern by 2.4% during the 3rd quarter. Principal Financial Group Inc. now owns 166,230 shares of the financial services provider’s stock worth $3,930,000 after buying an additional 3,858 shares during the period. BNP Paribas Arbitrage SA increased its stake in Fidelity Southern by 84.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 11,899 shares of the financial services provider’s stock worth $281,000 after buying an additional 5,459 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in Fidelity Southern by 29.4% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 14,310 shares of the financial services provider’s stock worth $338,000 after buying an additional 3,250 shares during the period. Great West Life Assurance Co. Can increased its stake in Fidelity Southern by 9.4% during the 3rd quarter. Great West Life Assurance Co. Can now owns 30,567 shares of the financial services provider’s stock worth $705,000 after buying an additional 2,631 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Fidelity Southern by 7.8% during the 3rd quarter. Wells Fargo & Company MN now owns 143,359 shares of the financial services provider’s stock worth $3,390,000 after buying an additional 10,381 shares during the period. 69.21% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: “Fidelity Southern (LION) Upgraded to “Strong-Buy” by ValuEngine” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/04/08/fidelity-southern-lion-upgraded-to-strong-buy-by-valuengine.html.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Fidelity Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Southern and related companies with MarketBeat.com's FREE daily email newsletter.