The stock of Fidelity Southern Corporation (NASDAQ:LION) reached all time high today, Nov, 29 and still has $23.54 target or 4.00% above today’s $22.63 share price. This indicates more upside for the $571.15M company. This technical setup was reported by Barchart.com. If the $23.54 PT is reached, the company will be worth $22.85 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 68,611 shares traded hands. Fidelity Southern Corporation (NASDAQ:LION) has risen 32.53% since April 26, 2016 and is uptrending. It has outperformed by 27.27% the S&P500.
Analysts await Fidelity Southern Corporation (NASDAQ:LION) to report earnings on January, 19. They expect $0.38 earnings per share, up 35.71% or $0.10 from last year’s $0.28 per share. LION’s profit will be $9.59 million for 14.89 P/E if the $0.38 EPS becomes a reality. After $0.48 actual earnings per share reported by Fidelity Southern Corporation for the previous quarter, Wall Street now forecasts -20.83% negative EPS growth.
Fidelity Southern Corporation (NASDAQ:LION) Ratings Coverage
Out of 4 analysts covering Fidelity Southern Corp (NASDAQ:LION), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Fidelity Southern Corp has been the topic of 4 analyst reports since July 17, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, July 22 by Wood. The stock of Fidelity Southern Corporation (NASDAQ:LION) has “Market Perform” rating given on Wednesday, May 18 by FBR Capital. The rating was upgraded by Keefe Bruyette & Woods to “Outperform” on Friday, July 22.
According to Zacks Investment Research, “Fidelity Southern Corporation, through its operating subsidiary Fidelity Bank, provides a wide range of banking, mortgage and investment services through branches in Atlanta, Georgia. Mortgage, construction, and automobile loans are also provided through offices in Jacksonville, Florida.”
Insitutional Activity: The institutional sentiment increased to 1.56 in Q2 2016. Its up 0.26, from 1.3 in 2016Q1. The ratio increased, as 9 funds sold all Fidelity Southern Corporation shares owned while 28 reduced positions. 12 funds bought stakes while 36 increased positions. They now own 15.28 million shares or 0.03% more from 15.27 million shares in 2016Q1.
Renaissance Technology Ltd Llc accumulated 0.01% or 381,369 shares. Panagora Asset Mgmt accumulated 13,869 shares or 0% of the stock. Schwab Charles Mngmt has invested 0% of its portfolio in Fidelity Southern Corporation (NASDAQ:LION). Allianz Asset Ag holds 0.01% or 666,600 shares in its portfolio. State Common Retirement Fund holds 0% or 45,822 shares in its portfolio. Jpmorgan Chase accumulated 690,714 shares or 0% of the stock. Blackrock Advsr Limited Company has invested 0% of its portfolio in Fidelity Southern Corporation (NASDAQ:LION). Bridgeway Cap Mgmt has 37,623 shares for 0.01% of their US portfolio. Northern Trust owns 219,296 shares or 0% of their US portfolio. Nationwide Fund Advisors has 124,714 shares for 0.01% of their US portfolio. Moreover, Rhumbline Advisers has 0% invested in Fidelity Southern Corporation (NASDAQ:LION) for 21,705 shares. Lba Wealth Lc accumulated 0.26% or 30,000 shares. Legal And General Grp Incorporated Plc has 0% invested in the company for 3,013 shares. Ejf Limited Liability Com holds 0.74% or 500,000 shares in its portfolio. Citigroup holds 0% of its portfolio in Fidelity Southern Corporation (NASDAQ:LION) for 4,387 shares.
Insider Transactions: Since June 10, 2016, the stock had 6 insider buys, and 5 sales for $1.88 million net activity. Shares for $4,005 were bought by SHEPHERD W CLYDE III on Friday, August 5. Shares for $478,190 were sold by SMITH RANKIN M JR on Monday, August 8. $57,625 worth of Fidelity Southern Corporation (NASDAQ:LION) shares were sold by Brolly Stephen H. The insider Lankford William C Jr sold $239,584.
More notable recent Fidelity Southern Corporation (NASDAQ:LION) news were published by: Prnewswire.com which released: “Fidelity Southern Corporation Completes Merger With American Enterprise …” on March 01, 2016, also Seekingalpha.com with their article: “Fidelity Southern Sees Growth In Atlanta” published on November 15, 2016, Nasdaq.com published: “Fidelity Southern Corporation (LION) Ex-Dividend Date Scheduled for October 31 …” on October 28, 2016. More interesting news about Fidelity Southern Corporation (NASDAQ:LION) were released by: Prnewswire.com and their article: “Fidelity Southern Corporation Completes Acquisition of Eight Florida Branches” published on September 14, 2015 as well as Prnewswire.com‘s news article titled: “Fidelity Southern Corporation Announces Acquisition Of Eight Florida Branches” with publication date: May 20, 2015.
LION Company Profile
Fidelity Southern Corporation (FSC), incorporated on August 3, 1979, is a bank holding company. The Firm operates in the community banking segment. The Firm conducts its activities through its subsidiary bank, Fidelity Bank, which is a state chartered bank (the Bank). The Bank provides various financial services and products for retail clients and small to medium-sized businesses, primarily in Atlanta and Jacksonville, Orlando and Sarasota-Bradenton, Florida markets. It also conducts indirect automobile lending, residential mortgage lending and Small Business Administration (SBA) lending activities in over 10 states. The Firm offers services and products through a network of offices located in Southern states consisting of over 50 owned and over 10 leased retail bank branches, and over 30 loan production offices.
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