Fidelity Southern’s (LION) Hold Rating Reiterated at Stephens
Fidelity Southern Co. (NASDAQ:LION)‘s stock had its “hold” rating reiterated by stock analysts at Stephens in a research report issued on Friday.
A number of other analysts also recently weighed in on LION. Zacks Investment Research downgraded Fidelity Southern from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 23rd. FBR & Co reiterated a “hold” rating and set a $24.50 price target on shares of Fidelity Southern in a report on Monday, January 23rd.
Shares of Fidelity Southern (NASDAQ:LION) opened at 21.21 on Friday. Fidelity Southern has a 1-year low of $14.45 and a 1-year high of $24.95. The firm has a market capitalization of $558.97 million, a PE ratio of 14.14 and a beta of 1.05. The stock has a 50 day moving average price of $21.82 and a 200 day moving average price of $22.09.
Fidelity Southern (NASDAQ:LION) last posted its quarterly earnings data on Wednesday, April 19th. The financial services provider reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.09. The business earned $75 million during the quarter, compared to the consensus estimate of $63.39 million. Fidelity Southern had a return on equity of 14.40% and a net margin of 13.34%. Fidelity Southern’s revenue was up 26.7% compared to the same quarter last year. Equities research analysts anticipate that Fidelity Southern will post $1.51 earnings per share for the current fiscal year.
In other news, Director Donald A. Harp, Jr. sold 12,668 shares of the stock in a transaction dated Wednesday, January 25th. The shares were sold at an average price of $24.25, for a total transaction of $307,199.00. Following the transaction, the director now owns 29,547 shares of the company’s stock, valued at approximately $716,514.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William C. Lankford, Jr. sold 5,334 shares of the stock in a transaction dated Friday, January 27th. The stock was sold at an average price of $24.46, for a total transaction of $130,469.64. Following the transaction, the director now directly owns 7,930 shares in the company, valued at approximately $193,967.80. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 520 shares of company stock valued at $11,977. Company insiders own 19.93% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. RMB Capital Management LLC boosted its position in Fidelity Southern by 237.9% in the third quarter. RMB Capital Management LLC now owns 1,225,539 shares of the financial services provider’s stock worth $22,537,000 after buying an additional 862,825 shares during the period. EJF Capital LLC boosted its position in Fidelity Southern by 100.0% in the third quarter. EJF Capital LLC now owns 1,000,000 shares of the financial services provider’s stock worth $18,390,000 after buying an additional 500,000 shares during the period. Siena Capital Management LLC bought a new position in Fidelity Southern during the fourth quarter worth about $6,489,000. Dimensional Fund Advisors LP boosted its position in Fidelity Southern by 10.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,137,639 shares of the financial services provider’s stock worth $26,928,000 after buying an additional 108,355 shares during the period. Finally, State Street Corp boosted its position in Fidelity Southern by 33.0% in the fourth quarter. State Street Corp now owns 398,583 shares of the financial services provider’s stock worth $9,431,000 after buying an additional 98,856 shares during the period. 63.11% of the stock is currently owned by institutional investors.
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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