ValuEngine upgraded shares of Fidelity Southern (NASDAQ:LION) from a hold rating to a buy rating in a report published on Thursday.
A number of other brokerages have also weighed in on LION. Zacks Investment Research upgraded shares of Fidelity Southern from a sell rating to a hold rating in a report on Wednesday, March 28th. BidaskClub lowered shares of Fidelity Southern from a buy rating to a hold rating in a report on Wednesday, May 30th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $26.67.
Fidelity Southern opened at $26.28 on Thursday, MarketBeat.com reports. Fidelity Southern has a 12 month low of $20.28 and a 12 month high of $27.05. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.02 and a quick ratio of 0.92. The stock has a market cap of $710.53 million, a P/E ratio of 19.61 and a beta of 1.22.
Fidelity Southern (NASDAQ:LION) last released its quarterly earnings results on Thursday, April 19th. The financial services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. Fidelity Southern had a net margin of 13.84% and a return on equity of 9.15%. The firm had revenue of $71.90 million during the quarter, compared to analysts’ expectations of $66.40 million. research analysts expect that Fidelity Southern will post 1.67 earnings per share for the current year.
In other news, Director David R. Bockel sold 16,000 shares of the business’s stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $22.88, for a total value of $366,080.00. Following the completion of the sale, the director now owns 36,440 shares in the company, valued at approximately $833,747.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have purchased a total of 1,009 shares of company stock valued at $23,618 in the last quarter. 20.18% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Barclays PLC raised its holdings in shares of Fidelity Southern by 115.8% in the 1st quarter. Barclays PLC now owns 8,083 shares of the financial services provider’s stock valued at $187,000 after purchasing an additional 4,337 shares in the last quarter. Stone Ridge Asset Management LLC bought a new stake in shares of Fidelity Southern in the 4th quarter valued at about $203,000. MetLife Investment Advisors LLC bought a new stake in shares of Fidelity Southern in the 4th quarter valued at about $236,000. Two Sigma Investments LP bought a new stake in shares of Fidelity Southern in the 4th quarter valued at about $283,000. Finally, Montag A & Associates Inc. bought a new stake in shares of Fidelity Southern in the 1st quarter valued at about $300,000. Institutional investors and hedge funds own 67.84% of the company’s stock.
Fidelity Southern Company Profile
Fidelity Southern Corporation operates as the holding company for Fidelity Bank that provides financial products and services primarily for individuals, and small and medium-sized businesses in the United States. The company accepts noninterest-bearing demand and interest-bearing demand accounts, including money market accounts and savings deposits; and time deposits.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Fidelity Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Southern and related companies with MarketBeat.com's FREE daily email newsletter.