Fidelity Southern Corp. Upgraded to Outperform at Keefe, Bruyette & Woods (LION)
Fidelity Southern Corp. (NASDAQ:LION) was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, Analyst Ratings Network.com reports. The firm currently has a $16.00 price target on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 22.70% from the stock’s previous close.
Fidelity Southern Corp. (NASDAQ:LION) opened at 13.04 on Wednesday. Fidelity Southern Corp. has a 52 week low of $11.5813 and a 52 week high of $17.8386. The stock has a 50-day moving average of $13.64 and a 200-day moving average of $14.91. The company has a market cap of $277.5 million and a price-to-earnings ratio of 11.23.
Fidelity Southern Corp. (NASDAQ:LION) last issued its quarterly earnings data on Thursday, April 17th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters 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 $1.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, May 14th. Shareholders 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 2.45%. The ex-dividend date of this dividend is Tuesday, April 29th. This is a positive change from Fidelity Southern Corp.’s previous quarterly dividend of $0.04.
In other Fidelity Southern Corp. news, Insider James Miller, Jr. unloaded 20,000 shares of Fidelity Southern Corp. 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. Following the sale, the insider now directly owns 2,642,513 shares in the company, valued at approximately $36,228,853. The sale was disclosed in a legal filing 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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