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A statement released earlier today by Zacks Investment Research about Fidelity Southern Corporation (NASDAQ:LION) bumps the target price to $20.00

Yesterday Fidelity Southern Corporation (NASDAQ:LION) traded -2.23% lower at $18.41. The company’s 50-day moving average is $18.15 and its 200-day moving average is $16.85. The last stock close price is up 6.84% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 92,994 shares of the stock were exchanged, up from an average trading volume of 63,572

Zacks Investment Research bumped up the target of Fidelity Southern Corporation (NASDAQ:LION) to $20.00 indicating a possible upside of 0.09%.

See Chart Below

Fidelity Southern Corporation (NASDAQ:LION)

Fidelity Southern Corporation has a 52 week low of $14.01 and a 52 week high of $23.05 with a P/E ratio of 16.53 Fidelity Southern Corporation’s market capitalization is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 5 brokerages have issued a ratings update on the company. The average stock price target is $19.25 with 1 brokerage rating the stock a strong buy, 0 brokerages rating the stock a buy, 4 equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

More About Fidelity Southern Corporation (NASDAQ:LION)

Fidelity Southern Corporation is a bank holding company. The Company operates in the community banking segment. It conducts its operations through its subsidiary bank, Fidelity Bank (the Bank). The Bank provides various financial products and services for retail customers 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. It is primarily engaged in attracting deposits from individuals and businesses and using these deposits and borrowed funds to originate commercial, residential mortgage, construction and installment loans. The Company's subsidiary, LionMark Insurance Company is an insurance agency that offers consumer credit related insurance products.

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