Keefe, Bruyette & Woods reaffirmed their buy rating on shares of Fidelity Southern Corporation (NASDAQ:LION) in a research report sent to investors on Thursday morning. Keefe, Bruyette & Woods currently has a $25.00 price objective on the financial services provider’s stock.

A number of other research analysts have also weighed in on LION. Stephens reissued a hold rating on shares of Fidelity Southern Corporation in a report on Friday, April 21st. Zacks Investment Research lowered Fidelity Southern Corporation from a hold rating to a sell rating in a report on Saturday, April 22nd. Finally, ValuEngine lowered Fidelity Southern Corporation from a strong-buy rating to a buy rating in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $25.13.

Shares of Fidelity Southern Corporation (NASDAQ:LION) traded down 0.43% on Thursday, reaching $21.06. The company’s stock had a trading volume of 54,210 shares. Fidelity Southern Corporation has a 12-month low of $16.24 and a 12-month high of $24.95. The firm has a 50 day moving average price of $22.86 and a 200-day moving average price of $22.64. The stock has a market cap of $556.68 million, a PE ratio of 11.84 and a beta of 1.33.

Fidelity Southern Corporation (NASDAQ:LION) last announced its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by $0.06. The firm had revenue of $74.60 million during the quarter, compared to analyst estimates of $71.32 million. Fidelity Southern Corporation had a net margin of 14.95% and a return on equity of 12.87%. Fidelity Southern Corporation’s revenue was up 11.7% compared to the same quarter last year. Equities research analysts expect that Fidelity Southern Corporation will post $1.45 EPS for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Tuesday, August 1st will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Friday, July 28th. Fidelity Southern Corporation’s dividend payout ratio (DPR) is 26.97%.

In related news, insider H Palmer Proctor, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $23.09, for a total transaction of $346,350.00. Following the sale, the insider now directly owns 79,037 shares of the company’s stock, valued at $1,824,964.33. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David Buchanan sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $22.45, for a total value of $112,250.00. Following the sale, the insider now directly owns 208,693 shares in the company, valued at $4,685,157.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 535 shares of company stock worth $12,002 and have sold 29,000 shares worth $668,110. 18.77% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the company. New York State Teachers Retirement System acquired a new position in shares of Fidelity Southern Corporation during the fourth quarter worth about $192,000. Russell Investments Group Ltd. acquired a new position in shares of Fidelity Southern Corporation during the fourth quarter worth about $276,000. Great West Life Assurance Co. Can increased its position in shares of Fidelity Southern Corporation by 9.0% in the first quarter. Great West Life Assurance Co. Can now owns 27,936 shares of the financial services provider’s stock worth $625,000 after buying an additional 2,303 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Fidelity Southern Corporation by 12.4% in the first quarter. Ameriprise Financial Inc. now owns 118,220 shares of the financial services provider’s stock worth $2,646,000 after buying an additional 13,050 shares in the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of Fidelity Southern Corporation by 12.5% in the first quarter. Nationwide Fund Advisors now owns 134,215 shares of the financial services provider’s stock worth $3,004,000 after buying an additional 14,861 shares in the last quarter. Institutional investors own 68.80% of the company’s stock.

About Fidelity Southern Corporation

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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