Are Fidelity Southern (NASDAQ:LION) Shares Headed North? Stephens Issues Upgrade.

September 8, 2018 - By Pearl Odom

Fidelity Southern Corporation (NASDAQ:LION) Logo

Investors sentiment decreased to 1.29 in 2018 Q1. Its down 0.36, from 1.65 in 2017Q4. It turned negative, as 7 investors sold Fidelity Southern Corporation shares while 35 reduced holdings. 18 funds opened positions while 36 raised stakes. 17.83 million shares or 0.80% less from 17.97 million shares in 2017Q4 were reported.

Css Limited Liability Il holds 0.01% or 10,854 shares in its portfolio. Ameritas Investment Prns Inc stated it has 1,909 shares. Moreover, Credit Suisse Ag has 0% invested in Fidelity Southern Corporation (NASDAQ:LION) for 18,388 shares. Parametric Portfolio Assoc Ltd Liability Company owns 111,505 shares for 0% of their portfolio. State Of Tennessee Treasury Department invested 0% in Fidelity Southern Corporation (NASDAQ:LION). Sector Pension Invest Board holds 13,412 shares. Geode Cap Management Ltd Liability Corp accumulated 249,195 shares. Sterling invested in 0.01% or 44,325 shares. 45,514 are owned by Gamco Inc Et Al. Price T Rowe Associates Md invested 0% of its portfolio in Fidelity Southern Corporation (NASDAQ:LION). Pinebridge Invests L P accumulated 80,491 shares. Shell Asset Mgmt holds 0.01% in Fidelity Southern Corporation (NASDAQ:LION) or 25,768 shares. Stratos Wealth Partners Ltd has 0% invested in Fidelity Southern Corporation (NASDAQ:LION). Stone Ridge Asset Mngmt Ltd has invested 0.01% in Fidelity Southern Corporation (NASDAQ:LION). Principal Financial Gru holds 0% of its portfolio in Fidelity Southern Corporation (NASDAQ:LION) for 169,488 shares.

Since April 6, 2018, it had 4 insider purchases, and 1 sale for $342,491 activity. SHEPHERD W CLYDE III bought $3,992 worth of stock. Lankford William C Jr had bought 500 shares worth $11,632 on Wednesday, April 25.

Fidelity Southern (NASDAQ:LION) Stock Upgrade

In analysts note sent to investors on Friday, 7 September, research analysts at the Stephens equity research division boosted shares of Fidelity Southern (NASDAQ:LION) stock from a “Equal-Weight” to a respectable “Overweight” rating.

Fidelity Southern Corporation (NASDAQ:LION) Ratings Coverage

Among 2 analysts covering Fidelity Southern (NASDAQ:LION), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Fidelity Southern had 2 analyst reports since April 19, 2018 according to SRatingsIntel. The firm has “Overweight” rating by Stephens given on Friday, September 7. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, April 19.

The stock increased 5.38% or $1.3 during the last trading session, reaching $25.46. About 128,161 shares traded or 30.34% up from the average. Fidelity Southern Corporation (NASDAQ:LION) has risen 11.45% since September 8, 2017 and is uptrending. It has underperformed by 1.12% the S&P500.

Analysts await Fidelity Southern Corporation (NASDAQ:LION) to report earnings on October, 18. They expect $0.38 EPS, up 26.67 % or $0.08 from last year’s $0.3 per share. LION’s profit will be $10.34M for 16.75 P/E if the $0.38 EPS becomes a reality. After $0.34 actual EPS reported by Fidelity Southern Corporation for the previous quarter, Wall Street now forecasts 11.76 % EPS growth.

Fidelity Southern Corporation operates as the holding firm for Fidelity Bank that provides financial services and products primarily for individuals, and small and medium-sized businesses in the metropolitan Atlanta and Jacksonville, Orlando and Sarasota-Bradenton, Florida markets. The company has market cap of $692.88 million. The firm accepts noninterest-bearing demand and interest-bearing demand accounts, including money market accounts and savings deposits; and time deposits. It has a 16.53 P/E ratio. It also offers various loans, such as commercial and industrial loans, commercial real estate loans, indirect automobile loans, real estate construction loans, and real estate mortgage loans, as well as consumer loans, including automobile loans, residential mortgage and home equity loans, and secured and unsecured personal loans.

Fidelity Southern Corporation (NASDAQ:LION) Institutional Positions Chart

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