Fidelity Southern (LION) Upgraded by BidaskClub to Hold

Share on StockTwits

Fidelity Southern (NASDAQ:LION) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other research firms also recently issued reports on LION. ValuEngine upgraded shares of Fidelity Southern from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Zacks Investment Research upgraded shares of Fidelity Southern from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Thursday, June 21st. Sandler O’Neill set a $26.00 price objective on shares of Fidelity Southern and gave the stock a “hold” rating in a research note on Monday, July 23rd. Finally, Stephens reiterated a “hold” rating and set a $25.00 price objective on shares of Fidelity Southern in a research note on Tuesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Fidelity Southern presently has an average rating of “Hold” and an average price target of $27.00.

Fidelity Southern stock opened at $24.42 on Thursday. Fidelity Southern has a 1 year low of $20.28 and a 1 year high of $27.05. The company has a market capitalization of $661.31 million, a P/E ratio of 18.64 and a beta of 0.93. The company has a quick ratio of 0.91, a current ratio of 1.01 and a debt-to-equity ratio of 0.29.

Fidelity Southern (NASDAQ:LION) last released its earnings results on Thursday, July 19th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.10). Fidelity Southern had a net margin of 13.68% and a return on equity of 9.04%. The company had revenue of $73.45 million during the quarter, compared to analysts’ expectations of $70.50 million. research analysts predict that Fidelity Southern will post 1.51 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp grew its stake in Fidelity Southern by 0.9% during the first quarter. Northern Trust Corp now owns 258,634 shares of the financial services provider’s stock worth $5,967,000 after buying an additional 2,290 shares during the period. Legal & General Group Plc lifted its position in shares of Fidelity Southern by 5.6% during the second quarter. Legal & General Group Plc now owns 43,420 shares of the financial services provider’s stock worth $1,105,000 after purchasing an additional 2,311 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Fidelity Southern by 3.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 107,663 shares of the financial services provider’s stock worth $2,736,000 after purchasing an additional 3,465 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Fidelity Southern by 2.3% during the first quarter. Principal Financial Group Inc. now owns 169,488 shares of the financial services provider’s stock worth $3,910,000 after purchasing an additional 3,743 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its position in shares of Fidelity Southern by 16.7% during the second quarter. OppenheimerFunds Inc. now owns 27,191 shares of the financial services provider’s stock worth $691,000 after purchasing an additional 3,884 shares in the last quarter. Institutional investors own 69.26% 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.

Featured Article: Trading Strategy

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.

Leave a Reply