Fidelity Southern Corp. (LION) Trading Up 8.1%
Fidelity Southern Corp. (NASDAQ:LION) shares were up 8.1% during mid-day trading on Friday . The stock traded as high as $18.49 and last traded at $17.85, with a volume of 218,940 shares. The stock had previously closed at $16.51.
A number of analysts recently commented on the company. Zacks Investment Research lowered Fidelity Southern Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 26th. FBR & Co assumed coverage on Fidelity Southern Corp. in a research note on Wednesday, May 18th. They issued a “market perform” rating and a $18.00 price target for the company. Finally, Keefe, Bruyette & Woods raised Fidelity Southern Corp. from a “market perform” rating to an “outperform” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $20.50.
The firm has a market capitalization of $456.70 million and a P/E ratio of 13.15. The company has a 50 day moving average price of $15.93 and a 200 day moving average price of $16.19.
Fidelity Southern Corp. (NASDAQ:LION) last issued its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.19. On average, equities research analysts expect that Fidelity Southern Corp. will post $1.58 EPS for the current fiscal year.
In other news, insider James B. Miller, Jr. acquired 6,640 shares of the firm’s stock in a transaction dated Friday, June 17th. The shares were acquired at an average cost of $15.03 per share, with a total value of $99,799.20. Following the acquisition, the insider now directly owns 2,755,914 shares of the company’s stock, valued at $41,421,387.42. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several institutional investors recently added to or reduced their stakes in LION. Bank of Montreal Can increased its position in Fidelity Southern Corp. by 345.0% in the fourth quarter. Bank of Montreal Can now owns 84,439 shares of the financial services provider’s stock valued at $1,884,000 after buying an additional 65,463 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Fidelity Southern Corp. by 18.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 94,666 shares of the financial services provider’s stock valued at $2,113,000 after buying an additional 14,551 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Fidelity Southern Corp. by 18.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 853,419 shares of the financial services provider’s stock valued at $19,040,000 after buying an additional 134,211 shares in the last quarter.
Fidelity Southern Corporation is a bank holding company. The Company operates in the community banking segment. It conducts its operations through its subsidiary bank, Fidelity Bank (the Bank). The Bank provides various financial products and services for retail customers and small to medium-sized businesses, primarily in Atlanta and Jacksonville, Orlando and Sarasota-Bradenton, Florida markets.
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