Stephens reaffirmed their buy rating on shares of Fidelity Southern (NASDAQ:LION) in a report released on Thursday, AnalystRatings.com reports. They currently have a $31.00 price target on the financial services provider’s stock.

LION has been the topic of a number of other research reports. BidaskClub raised Fidelity Southern from a sell rating to a hold rating in a research note on Friday, March 29th. Zacks Investment Research raised Fidelity Southern from a sell rating to a hold rating in a research note on Wednesday, December 26th. Finally, Sandler O’Neill raised Fidelity Southern from a hold rating to a buy rating in a research note on Wednesday, December 19th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Fidelity Southern has an average rating of Buy and an average target price of $29.33.

LION opened at $28.07 on Thursday. The company has a market cap of $774.62 million, a PE ratio of 17.43 and a beta of 0.66. Fidelity Southern has a one year low of $21.18 and a one year high of $33.32. The company has a current ratio of 1.00, a quick ratio of 0.94 and a debt-to-equity ratio of 0.27.

Fidelity Southern (NASDAQ:LION) last released its earnings results on Thursday, April 18th. The financial services provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). The business had revenue of $62.09 million for the quarter, compared to the consensus estimate of $65.10 million. Fidelity Southern had a net margin of 12.21% and a return on equity of 8.81%. As a group, equities research analysts predict that Fidelity Southern will post 1.63 earnings per share for the current year.

The firm also recently announced a dividend, which will be paid on Friday, May 10th. Stockholders of record on Monday, April 29th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, April 26th. Fidelity Southern’s dividend payout ratio is 29.81%.

In other Fidelity Southern news, Director Rankin M. Smith, Jr. bought 10,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were purchased at an average price of $30.50 per share, with a total value of $305,000.00. Following the completion of the purchase, the director now owns 273,540 shares in the company, valued at approximately $8,342,970. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 20.18% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LION. Municipal Employees Retirement System of Michigan bought a new position in Fidelity Southern in the fourth quarter worth approximately $163,000. Metropolitan Life Insurance Co. NY grew its stake in Fidelity Southern by 473.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,368 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 6,908 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new position in Fidelity Southern in the fourth quarter worth approximately $219,000. Millennium Management LLC bought a new position in Fidelity Southern in the fourth quarter worth approximately $255,000. Finally, Stifel Financial Corp bought a new position in Fidelity Southern in the fourth quarter worth approximately $265,000. 69.25% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity Southern Company Profile

Fidelity Southern Corporation operates as the bank holding company for Fidelity Bank that provides financial products and services primarily to individuals and small to medium-sized businesses in the United States. The company accepts noninterest-bearing and interest-bearing demand accounts, including money market accounts and savings deposits; and time deposits.

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