Stephens upgraded shares of Fidelity Southern (NASDAQ:LION) from an equal rating to a weight rating in a report published on Friday morning, Marketbeat Ratings reports.

Several other research analysts also recently commented on the company. BidaskClub raised Fidelity Southern from a sell rating to a hold rating in a research report on Thursday. Sandler O’Neill set a $26.00 price target on Fidelity Southern and gave the stock a hold rating in a research report on Monday, July 23rd. Zacks Investment Research downgraded Fidelity Southern from a hold rating to a strong sell rating in a research report on Tuesday, July 24th. Finally, ValuEngine raised Fidelity Southern from a hold rating to a buy rating in a research report on Thursday, June 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $27.00.

NASDAQ LION traded up $1.30 during trading on Friday, hitting $25.46. The company’s stock had a trading volume of 143,763 shares, compared to its average volume of 72,227. The company has a quick ratio of 0.91, a current ratio of 1.01 and a debt-to-equity ratio of 0.29. The company has a market cap of $657.50 million, a P/E ratio of 19.44 and a beta of 0.93. Fidelity Southern has a 52 week low of $20.28 and a 52 week high of $27.05.

Fidelity Southern (NASDAQ:LION) last issued its quarterly earnings results on Thursday, July 19th. The financial services provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.10). The business had revenue of $73.45 million during the quarter, compared to the consensus estimate of $70.50 million. Fidelity Southern had a return on equity of 9.04% and a net margin of 13.68%. sell-side analysts expect that Fidelity Southern will post 1.44 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 14th. Stockholders of record on Thursday, August 2nd were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Wednesday, August 1st. Fidelity Southern’s payout ratio is presently 36.64%.

Several large investors have recently made changes to their positions in the company. California Public Employees Retirement System grew its holdings in shares of Fidelity Southern by 17.0% during the 2nd quarter. California Public Employees Retirement System now owns 66,052 shares of the financial services provider’s stock worth $1,678,000 after purchasing an additional 9,612 shares in the last quarter. Salem Investment Counselors Inc. acquired a new stake in shares of Fidelity Southern during the 2nd quarter worth approximately $593,000. Voya Investment Management LLC acquired a new stake in shares of Fidelity Southern during the 2nd quarter worth approximately $216,000. OppenheimerFunds Inc. grew its holdings in shares of Fidelity Southern by 16.7% during the 2nd quarter. OppenheimerFunds Inc. now owns 27,191 shares of the financial services provider’s stock worth $691,000 after purchasing an additional 3,884 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Fidelity Southern during the 2nd quarter worth approximately $1,183,000. 69.26% of the stock is currently owned by institutional investors.

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.

Featured Story: Stop Order Uses For Individual Investors

Receive News & Ratings for Fidelity Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Southern and related companies with MarketBeat.com's FREE daily email newsletter.