Fidelity Southern (LION) Given Buy Rating at Stephens

Fidelity Southern (NASDAQ:LION)‘s stock had its “buy” rating reiterated by stock analysts at Stephens in a research note issued on Thursday. They presently have a $31.00 price objective on the financial services provider’s stock. Stephens’ price target points to a potential upside of 33.22% from the company’s previous close.

Several other analysts have also weighed in on LION. BidaskClub raised Fidelity Southern from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 21st. Zacks Investment Research raised Fidelity Southern from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Thursday, June 21st. ValuEngine raised Fidelity Southern from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. Finally, Sandler O’Neill set a $26.00 target price on Fidelity Southern and gave the company a “hold” rating in a report on Monday, July 23rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.00.

Fidelity Southern stock opened at $23.27 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $630.55 million, a price-to-earnings ratio of 17.76 and a beta of 0.91. Fidelity Southern has a fifty-two week low of $20.28 and a fifty-two week high of $27.05.

Fidelity Southern (NASDAQ:LION) last posted its earnings results on Thursday, October 18th. The financial services provider reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.08. The company had revenue of $72.41 million for the quarter, compared to analyst estimates of $71.10 million. Fidelity Southern had a return on equity of 10.08% and a net margin of 14.88%. Equities analysts predict that Fidelity Southern will post 1.42 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its stake in shares of Fidelity Southern by 13.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 104,198 shares of the financial services provider’s stock valued at $2,404,000 after acquiring an additional 12,243 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Fidelity Southern by 0.9% during the first quarter. Northern Trust Corp now owns 258,634 shares of the financial services provider’s stock valued at $5,967,000 after acquiring an additional 2,290 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Fidelity Southern by 1.5% during the first quarter. BlackRock Inc. now owns 2,885,153 shares of the financial services provider’s stock valued at $66,560,000 after acquiring an additional 43,573 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Fidelity Southern by 25.2% during the first quarter. California Public Employees Retirement System now owns 56,440 shares of the financial services provider’s stock valued at $1,302,000 after acquiring an additional 11,378 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Fidelity Southern by 6.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,680,359 shares of the financial services provider’s stock valued at $38,766,000 after acquiring an additional 105,499 shares during the last quarter. 69.16% of the stock is currently owned by institutional investors.

About Fidelity Southern

Fidelity Southern Corporation operates as the holding company for Fidelity Bank that provides financial products and services primarily for individuals, and small and medium-sized businesses in the United States. The company accepts noninterest-bearing demand and interest-bearing demand accounts, including money market accounts and savings deposits; and time deposits.

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