Media headlines about Fidelity Southern (NASDAQ:LION) have trended somewhat positive on Sunday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fidelity Southern earned a news impact score of 0.13 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.694353511005 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several research analysts recently commented on the company. Sandler O’Neill set a $25.00 target price on Fidelity Southern and gave the stock a “hold” rating in a research report on Monday, January 22nd. BidaskClub upgraded Fidelity Southern from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 24th. Finally, Zacks Investment Research upgraded Fidelity Southern from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. Fidelity Southern has an average rating of “Buy” and a consensus price target of $25.00.
Fidelity Southern (LION) traded up $0.99 during trading on Friday, reaching $24.66. The company’s stock had a trading volume of 203,418 shares, compared to its average volume of 121,725. Fidelity Southern has a 1 year low of $20.08 and a 1 year high of $24.96. The firm has a market capitalization of $661.73, a price-to-earnings ratio of 16.55 and a beta of 1.24. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.30.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Friday, February 2nd were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $0.48 dividend on an annualized basis and a yield of 1.95%. Fidelity Southern’s payout ratio is 32.21%.
In related news, Director William C. Lankford, Jr. sold 2,365 shares of Fidelity Southern stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $24.02, for a total value of $56,807.30. Following the completion of the sale, the director now directly owns 10,182 shares in the company, valued at $244,571.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James B. Miller, Jr. sold 35,700 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $22.11, for a total value of $789,327.00. Following the transaction, the insider now owns 2,876,372 shares in the company, valued at approximately $63,596,584.92. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 534 shares of company stock valued at $12,015 and sold 55,412 shares valued at $1,226,207. 18.77% of the stock is owned by company insiders.
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About Fidelity Southern
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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