Fidelity Southern (LION) Given a $26.00 Price Target at Sandler O’Neill

Sandler O’Neill set a $26.00 price target on Fidelity Southern (NASDAQ:LION) in a research note released on Monday. The firm currently has a hold rating on the financial services provider’s stock.

LION has been the topic of several other reports. Zacks Investment Research upgraded shares of Fidelity Southern from a hold rating to a buy rating and set a $30.00 price objective on the stock in a report on Thursday, June 21st. BidaskClub lowered shares of Fidelity Southern from a strong-buy rating to a buy rating in a report on Saturday, June 30th. Finally, ValuEngine upgraded shares of Fidelity Southern from a buy rating to a strong-buy rating in a report on Saturday, April 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $27.00.

NASDAQ:LION opened at $24.52 on Monday. Fidelity Southern has a fifty-two week low of $20.28 and a fifty-two week high of $27.05. The firm has a market cap of $667.00 million, a P/E ratio of 18.72 and a beta of 1.20. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.96 and a current ratio of 1.07.

Fidelity Southern (NASDAQ:LION) last announced its quarterly earnings data on Thursday, July 19th. The financial services provider reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.10). Fidelity Southern had a net margin of 13.68% and a return on equity of 9.04%. The business had revenue of $73.45 million during the quarter, compared to analyst estimates of $70.50 million. sell-side analysts forecast that Fidelity Southern will post 1.56 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 14th. Investors of record on Thursday, August 2nd will be issued a $0.12 dividend. The ex-dividend date is Wednesday, August 1st. This represents a $0.48 annualized dividend and a yield of 1.96%. Fidelity Southern’s dividend payout ratio is currently 36.64%.

In related news, Director David R. Bockel sold 16,000 shares of the stock in a transaction that occurred on Wednesday, May 2nd. The shares were sold at an average price of $22.88, for a total value of $366,080.00. Following the transaction, the director now directly owns 36,440 shares in the company, valued at $833,747.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders purchased 487 shares of company stock worth $11,989 over the last 90 days. 20.18% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of LION. Barclays PLC raised its holdings in Fidelity Southern by 115.8% in the first quarter. Barclays PLC now owns 8,083 shares of the financial services provider’s stock worth $187,000 after purchasing an additional 4,337 shares during the period. Stone Ridge Asset Management LLC acquired a new stake in Fidelity Southern in the fourth quarter worth $203,000. MetLife Investment Advisors LLC acquired a new stake in Fidelity Southern in the fourth quarter worth $236,000. Two Sigma Investments LP acquired a new stake in Fidelity Southern in the fourth quarter worth $283,000. Finally, Montag A & Associates Inc. acquired a new stake in Fidelity Southern in the first quarter worth $300,000. Institutional investors own 67.67% of the company’s stock.

About Fidelity Southern

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.

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