Fidelity Southern (LION) Given a $25.00 Price Target at Sandler O’Neill

Fidelity Southern (NASDAQ:LION) has been assigned a $25.00 price target by Sandler O’Neill in a report released on Monday. The firm currently has a “hold” rating on the financial services provider’s stock. Sandler O’Neill’s target price indicates a potential upside of 2.29% from the company’s previous close.

Separately, Zacks Investment Research upgraded shares of Fidelity Southern from a “hold” rating to a “strong-buy” rating and set a $26.00 price target for the company in a report on Saturday, January 13th. Four equities research 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’s stock. The company presently has an average rating of “Buy” and a consensus target price of $24.90.

Fidelity Southern (LION) traded up $0.48 during trading on Monday, reaching $24.44. 100,612 shares of the company’s stock traded hands, compared to its average volume of 71,615. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.02 and a quick ratio of 0.93. The firm has a market capitalization of $655.82, a P/E ratio of 16.40 and a beta of 1.31. Fidelity Southern has a 52-week low of $20.08 and a 52-week high of $24.95.

Fidelity Southern (NASDAQ:LION) last posted its earnings results on Friday, January 19th. The financial services provider reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.04). The business had revenue of $64.76 million for the quarter, compared to analyst estimates of $67.00 million. Fidelity Southern had a return on equity of 9.06% and a net margin of 13.59%. equities research analysts forecast that Fidelity Southern will post 1.85 EPS for the current year.

In related news, Chairman James B. Miller, Jr. sold 17,347 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $21.91, for a total value of $380,072.77. Following the completion of the sale, the chairman now owns 2,876,372 shares in the company, valued at $63,021,310.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James B. Miller, Jr. sold 35,700 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $22.11, for a total transaction of $789,327.00. Following the completion of the sale, the insider now owns 2,876,372 shares of the company’s stock, valued at approximately $63,596,584.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 10,546 shares of company stock valued at $19,596 and have sold 76,047 shares valued at $1,266,090. 18.77% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stevens Capital Management LP lifted its stake in shares of Fidelity Southern by 3.2% in the second quarter. Stevens Capital Management LP now owns 12,490 shares of the financial services provider’s stock valued at $286,000 after buying an additional 386 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Fidelity Southern by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 18,173 shares of the financial services provider’s stock valued at $416,000 after buying an additional 1,222 shares during the period. Rhumbline Advisers lifted its stake in shares of Fidelity Southern by 3.3% in the second quarter. Rhumbline Advisers now owns 41,113 shares of the financial services provider’s stock valued at $940,000 after buying an additional 1,310 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Fidelity Southern by 0.9% in 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 buying an additional 1,445 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Fidelity Southern by 60.7% in the second quarter. BNP Paribas Arbitrage SA now owns 6,440 shares of the financial services provider’s stock valued at $147,000 after buying an additional 2,432 shares during the period. Institutional investors and hedge funds own 69.42% of the company’s stock.

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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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