News coverage about Fidelity Southern Corporation (NASDAQ:LION) has trended somewhat positive on Monday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fidelity Southern Corporation earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.0341556130844 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of analysts have recently weighed in on the stock. ValuEngine lowered shares of Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Stephens reaffirmed a “hold” rating and issued a $24.00 price target on shares of Fidelity Southern Corporation in a research note on Friday, June 23rd. Zacks Investment Research lowered shares of Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub raised shares of Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $25.00 price target on shares of Fidelity Southern Corporation in a research note 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 assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $25.13.
Shares of Fidelity Southern Corporation (LION) traded up 0.23% during mid-day trading on Monday, hitting $21.99. 11,895 shares of the stock were exchanged. Fidelity Southern Corporation has a 1-year low of $17.36 and a 1-year high of $24.95. The company’s 50-day moving average is $21.55 and its 200-day moving average is $22.11. The firm has a market cap of $587.24 million, a price-to-earnings ratio of 12.36 and a beta of 1.32.
Fidelity Southern Corporation (NASDAQ:LION) last issued its earnings results on Thursday, July 20th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.06). The business had revenue of $74.60 million during the quarter, compared to the consensus estimate of $71.32 million. Fidelity Southern Corporation had a net margin of 14.95% and a return on equity of 12.87%. The firm’s revenue was up 11.7% on a year-over-year basis. Equities research analysts anticipate that Fidelity Southern Corporation will post $1.45 earnings per share for the current fiscal year.
In related news, insider David Buchanan sold 5,000 shares of Fidelity Southern Corporation stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $22.45, for a total transaction of $112,250.00. Following the transaction, the insider now owns 208,693 shares of the company’s stock, valued at approximately $4,685,157.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 548 shares of company stock worth $12,016 in the last ninety days. Insiders own 18.77% of the company’s stock.
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Fidelity Southern Corporation Company Profile
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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