Fidelity Southern Corporation (NASDAQ:LION) has been given a consensus recommendation of “Hold” by the six research firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $24.50.

LION has been the subject of a number of research reports. Zacks Investment Research upgraded Fidelity Southern from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. BidaskClub upgraded Fidelity Southern from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th.

In other Fidelity Southern news, Director Jason Walsh sold 113,000 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $0.52, for a total transaction of $58,760.00. Also, insider James B. Miller, Jr. sold 35,700 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $22.11, for a total value of $789,327.00. Following the transaction, the insider now owns 2,876,372 shares in the company, valued at approximately $63,596,584.92. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 37,538 shares of company stock worth $33,526 and have sold 204,747 shares worth $1,458,035. 18.77% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Alps Advisors Inc. boosted its holdings in Fidelity Southern by 0.3% during 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 lifted its holdings in shares of Fidelity Southern by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 11,100 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 100 shares in the last quarter. Texas Permanent School Fund lifted its holdings in shares of Fidelity Southern by 1.7% during the 2nd quarter. Texas Permanent School Fund now owns 15,586 shares of the financial services provider’s stock valued at $356,000 after purchasing an additional 257 shares in the last quarter. Stevens Capital Management LP lifted its holdings in shares of Fidelity Southern by 3.2% during the 2nd quarter. Stevens Capital Management LP now owns 12,490 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 386 shares in the last quarter. Finally, Teton Advisors Inc. lifted its holdings in shares of Fidelity Southern by 5.3% during the 2nd quarter. Teton Advisors Inc. now owns 12,018 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 69.45% of the company’s stock.

Shares of Fidelity Southern (LION) opened at $22.24 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $591.69, a PE ratio of 13.78 and a beta of 1.31. Fidelity Southern has a 12-month low of $20.08 and a 12-month high of $24.95.

Fidelity Southern (NASDAQ:LION) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.06). The firm had revenue of $67.03 million during the quarter, compared to analyst estimates of $71.20 million. Fidelity Southern had a return on equity of 11.30% and a net margin of 13.78%. analysts anticipate that Fidelity Southern will post 1.37 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Wednesday, November 1st were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Tuesday, October 31st. Fidelity Southern’s dividend payout ratio (DPR) is currently 30.00%.

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Fidelity Southern 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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