Fidelity Southern Corporation (LION) Given Average Recommendation of “Hold” by Analysts
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.
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%.
ILLEGAL ACTIVITY NOTICE: This report was originally reported by American Banking News and is owned by of American Banking News. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/12/03/fidelity-southern-corporation-lion-given-average-recommendation-of-hold-by-analysts.html.
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.
Receive News & Ratings for Fidelity Southern Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Southern Corporation and related companies with MarketBeat.com's FREE daily email newsletter.