Keefe Bruyette & Woods Upgrades Fidelity Southern Corporation to Outperform

Brokerage firm Keefe Bruyette & Woods Upgrades its rating on Fidelity Southern Corporation(NASDAQ:LION). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Keefe Bruyette & Woods was issued on Jul 22, 2016.

In a different note, FBR Capital said it Initiates Coverage on Fidelity Southern Corporation, according to a research note issued on May 18, 2016. The shares have been rated ‘Market Perform’ by the firm.

Fidelity Southern Corporation (LION) shares turned negative on Thursdays trading session with the shares closing down -0.17 points or -0.96% at a volume of 23,734. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.7. The peak price level was also seen at $17.7 while the days lowest was $17.465. Finally the shares closed at $17.5. The 52-week high of the shares is $23.05 while the 52-week low is $14.01. According to the latest information available, the market cap of the company is $446 M.

Fidelity Southern Corporation(LION) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $31.84M. Analysts had an estimated revenue of $30.56M. Earnings per share were $0.47. Analysts had estimated an EPS of $0.45.

Several Insider Transactions has been reported to the SEC. On Jul 11, 2016, W Clyde Iii Shepherd (director) purchased 261 shares at $15.33 per share price.Also, On Jun 20, 2016, James B Jr Miller (Chairman) purchased 6,640 shares at $15.03 per share price.On Feb 8, 2016, Rankin M Jr Smith (director) purchased 6,305 shares at $14.48 per share price, according to the Form-4 filing with the securities and exchange commission.

Fidelity Southern Corporation (FSC) is a bank holding company. The Company conducts operations primarily though Fidelity Bank a state chartered wholly owned subsidiary bank (the Bank). LionMark Insurance Company is a wholly owned subsidiary of FSC and is an insurance agency offering consumer credit related insurance products. The Company provides an array of financial products and services for business and retail customers primarily in the metropolitan Atlanta and northern Florida markets. The Company’s customers are primarily individuals and small and medium sized businesses. Mortgage loans indirect automobile loans and Small Business Administration (SBA) loans are provided in 12 Southern states. It offers products and services through a network of offices located in Southern states consisting of around 45 retail bank branches and 25 loan production offices.

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