Fidelity Southern Corporation (LION) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Fidelity Southern Corporation (NASDAQ:LION) have earned an average recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $24.50.
Several equities research analysts have weighed in on the company. ValuEngine downgraded Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research cut Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. BidaskClub upgraded Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $25.00 target price on shares of Fidelity Southern Corporation in a research report on Thursday, July 27th.
In other news, Director David R. Bockel sold 5,700 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $22.05, for a total transaction of $125,685.00. Following the sale, the director now directly owns 29,847 shares in the company, valued at approximately $658,126.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 538 shares of company stock worth $11,986 over the last 90 days. Insiders own 18.77% of the company’s stock.
Large investors have recently bought and sold shares of the company. Ameriprise Financial Inc. grew its position in shares of Fidelity Southern Corporation by 55.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 183,764 shares of the financial services provider’s stock valued at $4,201,000 after acquiring an additional 65,544 shares during the period. Gamco Investors INC. ET AL boosted its holdings in Fidelity Southern Corporation by 4.6% in the 2nd quarter. Gamco Investors INC. ET AL now owns 45,514 shares of the financial services provider’s stock worth $1,040,000 after buying an additional 2,000 shares during the last quarter. Prudential Financial Inc. boosted its holdings in Fidelity Southern Corporation by 6.4% in the 2nd quarter. Prudential Financial Inc. now owns 393,289 shares of the financial services provider’s stock worth $8,991,000 after buying an additional 23,640 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Fidelity Southern Corporation by 6.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 67,397 shares of the financial services provider’s stock worth $1,508,000 after buying an additional 4,294 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in Fidelity Southern Corporation by 26.4% in the 2nd quarter. Citigroup Inc. now owns 24,214 shares of the financial services provider’s stock worth $553,000 after buying an additional 5,058 shares during the last quarter. Hedge funds and other institutional investors own 68.04% of the company’s stock.
Shares of Fidelity Southern Corporation (NASDAQ LION) opened at $21.16 on Wednesday. The firm has a market capitalization of $571.22, a PE ratio of 13.37 and a beta of 1.34. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 1.02. Fidelity Southern Corporation has a 12-month low of $19.55 and a 12-month high of $24.95.
Fidelity Southern Corporation (NASDAQ:LION) last announced its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.06). The company had revenue of $67.03 million for the quarter, compared to analyst estimates of $71.20 million. Fidelity Southern Corporation had a return on equity of 11.30% and a net margin of 13.78%. equities analysts anticipate that Fidelity Southern Corporation will post 1.37 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Wednesday, November 1st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Tuesday, October 31st. Fidelity Southern Corporation’s dividend payout ratio (DPR) is presently 30.00%.
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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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