Shares of Fidelity Southern Co. (NASDAQ:LION) have been given an average recommendation of “Hold” by the six analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $24.67.
Several brokerages recently commented on LION. Zacks Investment Research lowered shares of Fidelity Southern from a “buy” rating to a “sell” rating in a report on Wednesday, February 28th. BidaskClub lowered shares of Fidelity Southern from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 27th. Finally, Sandler O’Neill set a $25.00 price target on shares of Fidelity Southern and gave the stock a “hold” rating in a report on Monday, January 22nd.
In other news, Director William C. Lankford, Jr. sold 2,365 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $24.02, for a total transaction of $56,807.30. Following the completion of the sale, the director now owns 10,182 shares of the company’s stock, valued at $244,571.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have bought 524 shares of company stock valued at $12,013 in the last ninety days. Insiders own 18.77% of the company’s stock.
Shares of Fidelity Southern (NASDAQ LION) opened at $23.98 on Tuesday. The company has a market cap of $641.87, a price-to-earnings ratio of 18.31 and a beta of 1.25. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.30. Fidelity Southern has a 1-year low of $20.08 and a 1-year high of $24.96.
Fidelity Southern (NASDAQ:LION) last issued its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.04). The company had revenue of $64.76 million during the quarter, compared to analysts’ expectations of $67.00 million. Fidelity Southern had a return on equity of 9.06% and a net margin of 13.59%. analysts expect that Fidelity Southern will post 1.62 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Friday, February 2nd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Thursday, February 1st. Fidelity Southern’s payout ratio is 36.64%.
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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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