Fidelity Southern Corporation (NASDAQ:LION) has been assigned an average rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $24.50.

A number of analysts have recently weighed in on the company. ValuEngine cut Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Stephens restated a “hold” rating and issued a $24.00 target price on shares of Fidelity Southern Corporation in a research note on Friday, June 23rd. Zacks Investment Research lowered Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub upgraded Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $25.00 target price on shares of Fidelity Southern Corporation in a research note on Thursday, July 27th.

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Shares of Fidelity Southern Corporation (LION) opened at 21.62 on Friday. The stock has a market capitalization of $577.36 million, a price-to-earnings ratio of 12.15 and a beta of 1.31. The stock’s 50 day moving average price is $22.07 and its 200 day moving average price is $22.38. Fidelity Southern Corporation has a 12 month low of $16.82 and a 12 month high of $24.95.

Fidelity Southern Corporation (NASDAQ:LION) last posted its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.06. The business had revenue of $74.60 million during the quarter, compared to analyst estimates of $71.32 million. Fidelity Southern Corporation had a return on equity of 12.87% and a net margin of 14.95%. Fidelity Southern Corporation’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts expect that Fidelity Southern Corporation will post $1.45 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Tuesday, August 1st were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, July 28th. This represents a $0.48 dividend on an annualized basis and a yield of 2.22%. Fidelity Southern Corporation’s dividend payout ratio (DPR) is 26.97%.

In other Fidelity Southern Corporation news, insider H Palmer Proctor, Jr. sold 15,000 shares of Fidelity Southern Corporation stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $23.09, for a total transaction of $346,350.00. Following the completion of the transaction, the insider now owns 79,037 shares in the company, valued at approximately $1,824,964.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Buchanan sold 5,000 shares of Fidelity Southern Corporation stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $22.45, for a total value of $112,250.00. Following the transaction, the insider now owns 208,693 shares of the company’s stock, valued at approximately $4,685,157.85. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 547 shares of company stock valued at $12,001 and sold 25,000 shares valued at $576,950. Company insiders own 18.77% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. raised its position in Fidelity Southern Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 21,406 shares of the financial services provider’s stock worth $489,000 after buying an additional 55 shares during the last quarter. Arizona State Retirement System raised its position in Fidelity Southern Corporation by 0.9% in the first quarter. Arizona State Retirement System now owns 11,000 shares of the financial services provider’s stock worth $246,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund raised its position in Fidelity Southern Corporation by 1.7% in the second quarter. Texas Permanent School Fund now owns 15,586 shares of the financial services provider’s stock worth $356,000 after buying an additional 257 shares during the last quarter. Mason Street Advisors LLC raised its position in Fidelity Southern Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,951 shares of the financial services provider’s stock worth $111,000 after buying an additional 324 shares during the last quarter. Finally, Stevens Capital Management LP raised its position in Fidelity Southern Corporation by 3.2% in the second quarter. Stevens Capital Management LP now owns 12,490 shares of the financial services provider’s stock worth $286,000 after buying an additional 386 shares during the last quarter. Institutional investors and hedge funds own 67.93% of the company’s stock.

Fidelity Southern Corporation Company Profile

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.

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