Fidelity Southern Corporation (NASDAQ:LION) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Monday, July 31st.
LION has been the topic of several other research reports. ValuEngine lowered Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research lowered Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Stephens restated a “hold” rating on shares of Fidelity Southern Corporation in a research report on Friday, April 21st. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $25.00 target price on shares of Fidelity Southern Corporation in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.13.
Fidelity Southern Corporation (NASDAQ:LION) traded down 1.71% during midday trading on Monday, hitting $21.26. The stock had a trading volume of 90,011 shares. The company’s 50 day moving average price is $22.40 and its 200-day moving average price is $22.52. The stock has a market capitalization of $567.75 million, a price-to-earnings ratio of 11.95 and a beta of 1.31. Fidelity Southern Corporation has a 52 week low of $16.24 and a 52 week high of $24.95.
Fidelity Southern Corporation (NASDAQ:LION) last announced its earnings results on Thursday, July 20th. The financial services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.39 by $0.06. Fidelity Southern Corporation had a net margin of 14.95% and a return on equity of 12.87%. The business had revenue of $74.60 million for the quarter, compared to the consensus estimate of $71.32 million. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities analysts anticipate that Fidelity Southern Corporation will post $1.45 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This article was originally published by BNB Daily and is the property of of BNB Daily. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at https://www.baseball-news-blog.com/2017/08/13/fidelity-southern-corporation-nasdaqlion-cut-to-sell-at-bidaskclub-updated.html.
In related news, insider David Buchanan sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $22.45, for a total transaction of $112,250.00. Following the transaction, the insider now directly owns 208,693 shares of the company’s stock, valued at approximately $4,685,157.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider H Palmer Proctor, Jr. sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $23.09, for a total value of $346,350.00. Following the transaction, the insider now directly owns 79,037 shares in the company, valued at $1,824,964.33. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 547 shares of company stock worth $12,001 and have sold 25,000 shares worth $576,950. 18.77% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Mason Street Advisors LLC increased its position in Fidelity Southern Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,951 shares of the financial services provider’s stock worth $111,000 after buying an additional 324 shares during the period. First Quadrant L P CA purchased a new position in Fidelity Southern Corporation during the second quarter worth $124,000. BNP Paribas Arbitrage SA increased its position in Fidelity Southern Corporation by 60.7% in the second quarter. BNP Paribas Arbitrage SA now owns 6,440 shares of the financial services provider’s stock worth $147,000 after buying an additional 2,432 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new position in Fidelity Southern Corporation during the fourth quarter worth $182,000. Finally, OppenheimerFunds Inc. bought a new stake in shares of Fidelity Southern Corporation during the first quarter valued at approximately $226,000. 69.00% of the stock is currently owned by institutional investors and hedge funds.
About Fidelity Southern Corporation
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.
Receive News & Ratings for Fidelity Southern Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Southern Corporation and related companies with MarketBeat.com's FREE daily email newsletter.