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Fidelity Southern Corporation (NASDAQ:LION) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.

Zacks Investment Research has downgraded Fidelity Southern Corporation (NASDAQ:LION) to Hold in a statement released on 09/26/2016.

On Wednesday September 21, 2016, Zacks Investment Research released a statement for Fidelity Southern Corporation (NASDAQ:LION) bumped up the target price from $0.00 to $20.00 that suggested an upside of 0.10%.

Boasting a price of $18.11, Fidelity Southern Corporation (NASDAQ:LION) traded -1.66% lower on the day. With the last stock price close up 7.43% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Fidelity Southern Corporation has recorded a 50-day average of $17.73 and a two hundred day average of $16.58. Trade Volume was up over the average, with 75,835 shares of LION changing hands over the typical 67,894

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 16.35 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 5 brokers have issued a report on the company. The average stock price target is $19.25 with 1 broker rating the stock a strong buy, 0 brokers rating the stock a buy, 4 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information 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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