Fidelity Southern (LION) Stock Rating Upgraded by BidaskClub

Fidelity Southern (NASDAQ:LION) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday.

Several other equities analysts also recently issued reports on the stock. Sandler O’Neill set a $25.00 price objective on shares of Fidelity Southern and gave the company a “hold” rating in a report on Monday, January 22nd. Zacks Investment Research raised shares of Fidelity Southern from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective on the stock in a report on Saturday, January 13th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $25.00.

Shares of Fidelity Southern (LION) traded down $0.14 during midday trading on Wednesday, reaching $24.00. 69,785 shares of the company were exchanged, compared to its average volume of 72,544. Fidelity Southern has a 12-month low of $20.08 and a 12-month high of $24.66. The stock has a market capitalization of $647.77, a P/E ratio of 16.11 and a beta of 1.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.02 and a quick ratio of 0.93.

Fidelity Southern (NASDAQ:LION) last announced its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.04). Fidelity Southern had a return on equity of 9.06% and a net margin of 13.59%. The firm had revenue of $64.76 million for the quarter, compared to analysts’ expectations of $67.00 million. equities analysts predict that Fidelity Southern will post 1.74 earnings per share for the current fiscal year.

In other news, insider James B. Miller, Jr. sold 35,700 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were 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 of the company’s stock, valued at $63,596,584.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David Buchanan sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $20.75, for a total transaction of $83,000.00. Following the completion of the transaction, the insider now directly owns 254,693 shares in the company, valued at $5,284,879.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 10,546 shares of company stock worth $19,596 and have sold 78,412 shares worth $1,322,897. Company insiders own 18.77% of the company’s stock.

Several large investors have recently bought and sold shares of LION. Meeder Asset Management Inc. lifted its stake in shares of Fidelity Southern by 332.4% in the third quarter. Meeder Asset Management Inc. now owns 5,072 shares of the financial services provider’s stock worth $120,000 after buying an additional 3,899 shares in the last quarter. 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 worth $147,000 after buying an additional 2,432 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Fidelity Southern in the second quarter worth about $239,000. Laurion Capital Management LP purchased a new position in shares of Fidelity Southern in the second quarter worth about $243,000. Finally, QS Investors LLC purchased a new position in shares of Fidelity Southern in the second quarter worth about $258,000. 69.42% of the stock is currently owned by hedge funds and other institutional investors.

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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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