Fidelity Southern Corporation (NASDAQ:LION) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 13, 2016
Having a price of $18.27, Fidelity Southern Corporation (NASDAQ:LION) traded -3.13% lower on the day. With the last stock price up 8.74% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. LION has recorded a 50-day average of $18.11 and a two hundred day average of $16.80. Trade Volume was down over the average, with 44,402 shares of LION changing hands under the typical 63,085
Zacks Investment Research has downgraded Fidelity Southern Corporation (NASDAQ:LION) to Hold in a statement released on Thursday October 13, 2016.
On 9/30/2016, Zacks Investment Research released a statement about Fidelity Southern Corporation (NASDAQ:LION) upped the target price from $0.00 to $21.00 that suggested an upside of 0.15%.
With a total market value of $0, Fidelity Southern Corporation has price-earnings ratio of 16.78 with a one year low of $14.01 and a one year high of $23.05 .
A total of 5 analysts have released a report on Fidelity Southern Corporation. One analyst rating the company a strong buy, zero analysts rating the company a buy, four analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $19.25.
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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