Fidelity Southern Co. (LION) Given Consensus Rating of “Buy” by Analysts

Fidelity Southern Co. (NASDAQ:LION) has received an average recommendation of “Buy” from the six ratings firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $24.88.

Separately, Zacks Investment Research raised Fidelity Southern from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research report on Saturday, January 13th.

In other news, Chairman James B. Miller, Jr. sold 17,347 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $21.91, for a total transaction of $380,072.77. Following the transaction, the chairman now owns 2,876,372 shares of the company’s stock, valued at approximately $63,021,310.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James B. Miller, Jr. sold 35,700 shares of the stock in a transaction on 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 directly 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 three months, insiders have bought 10,546 shares of company stock worth $19,596 and have sold 76,047 shares worth $1,266,090. 18.77% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of LION. Rhumbline Advisers boosted its position in Fidelity Southern by 3.3% during the second quarter. Rhumbline Advisers now owns 41,113 shares of the financial services provider’s stock valued at $940,000 after purchasing an additional 1,310 shares in the last quarter. Legal & General Group Plc boosted its position in Fidelity Southern by 8.9% during the second quarter. Legal & General Group Plc now owns 38,713 shares of the financial services provider’s stock valued at $884,000 after purchasing an additional 3,170 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Fidelity Southern by 60.7% during the second quarter. BNP Paribas Arbitrage SA now owns 6,440 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 2,432 shares in the last quarter. Principal Financial Group Inc. boosted its position in Fidelity Southern by 0.9% during the second quarter. Principal Financial Group Inc. now owns 162,372 shares of the financial services provider’s stock valued at $3,712,000 after purchasing an additional 1,445 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Fidelity Southern by 10.7% during the second quarter. Wells Fargo & Company MN now owns 132,978 shares of the financial services provider’s stock valued at $3,040,000 after purchasing an additional 12,894 shares in the last quarter. 69.40% of the stock is currently owned by institutional investors.

Shares of Fidelity Southern (NASDAQ:LION) opened at $23.96 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.02 and a quick ratio of 0.93. Fidelity Southern has a 52 week low of $20.08 and a 52 week high of $24.95. The firm has a market capitalization of $642.94, a price-to-earnings ratio of 16.08 and a beta of 1.31.

Fidelity Southern (NASDAQ:LION) last released its earnings results on Friday, January 19th. The financial services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.04). Fidelity Southern had a return on equity of 9.19% and a net margin of 13.59%. The business had revenue of $64.76 million during the quarter, compared to analysts’ expectations of $67.00 million. sell-side analysts expect that Fidelity Southern will post 1.85 EPS for the current year.

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About Fidelity Southern

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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