Fidelity Southern (LION) Receives Upgrade From Stephens. Will Other Analysts Follow Suit?

September 8, 2018 - By Carolyn Hewitt

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 worsened, 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.

Prudential Finance reported 0.01% of its portfolio in Fidelity Southern Corporation (NASDAQ:LION). Schwab Charles Investment Incorporated has 0% invested in Fidelity Southern Corporation (NASDAQ:LION) for 104,198 shares. Texas Permanent School Fund reported 14,566 shares stake. Teachers Retirement System Of The State Of Kentucky has invested 0% in Fidelity Southern Corporation (NASDAQ:LION). State Street holds 0% in Fidelity Southern Corporation (NASDAQ:LION) or 737,399 shares. 684,220 were accumulated by Rmb Cap Mngmt Ltd. Moreover, Principal Finance Gp has 0% invested in Fidelity Southern Corporation (NASDAQ:LION) for 169,488 shares. 80,491 were accumulated by Pinebridge Investments L P. Geode Cap Mgmt Ltd Llc accumulated 249,195 shares. State Common Retirement Fund has 0% invested in Fidelity Southern Corporation (NASDAQ:LION) for 25,900 shares. Morgan Stanley owns 105,898 shares for 0% of their portfolio. Vanguard Inc accumulated 1.29 million shares. Pub Sector Pension Investment Board stated it has 0% in Fidelity Southern Corporation (NASDAQ:LION). D E Shaw And accumulated 76,002 shares. New York State Teachers Retirement System holds 0% of its portfolio in Fidelity Southern Corporation (NASDAQ:LION) for 8,354 shares.

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

Fidelity Southern (LION) Stock Upgrade

In a note shared with investors on Friday morning, Stephens boosted shares of Fidelity Southern (LION) to a Overweight. The previous rating for LION was a Equal-Weight.

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 (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 earnings per share, 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 earnings per share 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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