Keefe, Bruyette & Woods Lowers Fidelity Southern Corp. Price Target to $16.00 (LION)
Research analysts at Keefe, Bruyette & Woods cut their target price on shares of Fidelity Southern Corp. (NASDAQ:LION) from $18.00 to $16.00 in a report released on Monday, StockRatingsNetwork.com reports. Keefe, Bruyette & Woods’ target price indicates a potential upside of 11.42% from the company’s current price.
Separately, analysts at Thomson Reuters/Verus upgraded shares of Fidelity Southern Corp. from a “hold” rating to a “buy” rating in a research note to investors on Monday, November 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $15.20.
Shares of Fidelity Southern Corp. (NASDAQ:LION) traded down 2.86% on Monday, hitting $13.95. 16,532 shares of the company’s stock traded hands. Fidelity Southern Corp. has a 52-week low of $10.3099 and a 52-week high of $17.91. The stock has a 50-day moving average of $16.28 and a 200-day moving average of $15.32. The company has a market cap of $296.3 million and a P/E ratio of 10.68.
Fidelity Southern Corp. (NASDAQ:LION) last announced its earnings results on Thursday, January 23rd. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.30 by $0.14. On average, analysts predict that Fidelity Southern Corp. will post $1.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 14th. Investors of record on Monday, February 3rd will be paid a dividend of 0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, January 30th. This is an increase from Fidelity Southern Corp.’s previous quarterly dividend of $0.03.
Fidelity Southern Corporation (NASDAQ:LION) is a bank holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.