Fidelity Southern (LION) Upgraded at BidaskClub

BidaskClub upgraded shares of Fidelity Southern (NASDAQ:LION) from a sell rating to a hold rating in a research note released on Friday, March 29th, BidAskClub reports.

Several other analysts also recently commented on LION. Sandler O’Neill upgraded shares of Fidelity Southern from a hold rating to a buy rating in a research report on Wednesday, December 19th. Zacks Investment Research cut shares of Fidelity Southern from a hold rating to a sell rating in a research note on Thursday, December 20th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Fidelity Southern presently has a consensus rating of Buy and a consensus target price of $29.33.

LION traded down $0.45 during trading on Friday, hitting $28.07. The company’s stock had a trading volume of 111,407 shares, compared to its average volume of 117,994. The company has a market capitalization of $774.62 million, a PE ratio of 17.43 and a beta of 0.66. Fidelity Southern has a one year low of $21.18 and a one year high of $33.32. The company has a current ratio of 1.00, a quick ratio of 0.94 and a debt-to-equity ratio of 0.27.

Fidelity Southern (NASDAQ:LION) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.12). The firm had revenue of $62.09 million for the quarter, compared to the consensus estimate of $65.10 million. Fidelity Southern had a net margin of 12.21% and a return on equity of 8.81%. Equities analysts forecast that Fidelity Southern will post 1.63 earnings per share for the current fiscal year.

The business also recently announced a dividend, which will be paid on Friday, May 10th. Investors of record on Monday, April 29th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, April 26th. Fidelity Southern’s payout ratio is 29.81%.

In related news, Director Rankin M. Smith, Jr. bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was bought at an average cost of $30.50 per share, with a total value of $305,000.00. Following the completion of the purchase, the director now owns 273,540 shares of the company’s stock, valued at approximately $8,342,970. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 20.18% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of Fidelity Southern by 2.9% in the 4th quarter. BlackRock Inc. now owns 3,316,850 shares of the financial services provider’s stock worth $86,305,000 after buying an additional 94,552 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Fidelity Southern by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,973,518 shares of the financial services provider’s stock worth $51,350,000 after buying an additional 22,928 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Fidelity Southern by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 1,389,834 shares of the financial services provider’s stock worth $34,440,000 after buying an additional 31,842 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Fidelity Southern by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,389,834 shares of the financial services provider’s stock worth $34,440,000 after buying an additional 31,842 shares in the last quarter. Finally, RMB Capital Management LLC grew its stake in shares of Fidelity Southern by 94.7% in the 4th quarter. RMB Capital Management LLC now owns 1,147,144 shares of the financial services provider’s stock worth $29,849,000 after buying an additional 558,068 shares in the last quarter. 69.25% of the stock is owned by institutional investors.

About Fidelity Southern

Fidelity Southern Corporation operates as the bank holding company for Fidelity Bank that provides financial products and services primarily to individuals and small to medium-sized businesses in the United States. The company accepts noninterest-bearing and interest-bearing demand accounts, including money market accounts and savings deposits; and time deposits.

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