Fidelity Southern Corp. Stock Rating Upgraded by Keefe, Bruyette & Woods (LION)
Fidelity Southern Corp. (NASDAQ:LION) was upgraded by investment analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday, Analyst Ratings News reports. The firm currently has a $16.00 price target on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 19.31% from the company’s current price.
Separately, analysts at Zacks downgraded shares of Fidelity Southern Corp. from a “neutral” rating to an “underperform” rating in a research note on Tuesday, February 4th. They now have a $11.40 price target on the stock.
Fidelity Southern Corp. (NASDAQ:LION) traded down 1.40% during mid-day trading on Tuesday, hitting $13.41. The stock had a trading volume of 27,627 shares. Fidelity Southern Corp. has a 52 week low of $11.2462 and a 52 week high of $17.8386. The stock has a 50-day moving average of $13.84 and a 200-day moving average of $15.. The company has a market cap of $285.8 million and a price-to-earnings ratio of 11.93.
Fidelity Southern Corp. (NASDAQ:LION) last issued its quarterly earnings data on Thursday, April 17th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.06. The company had revenue of $20.27 million for the quarter, compared to the consensus estimate of $20.83 million. On average, analysts predict that Fidelity Southern Corp. will post $1.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, May 14th. Investors of record on Thursday, May 1st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Tuesday, April 29th. This is an increase from Fidelity Southern Corp.’s previous quarterly dividend of $0.04.
In other Fidelity Southern Corp. news, Insider James B. Miller, Jr. sold 20,000 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $13.71, for a total transaction of $274,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Fidelity Southern Corporation (NASDAQ:LION) is a bank holding company.
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