Stephens Issues a Hold Rating on Fidelity SouthernBy Ryan Adsit
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 32.2% and a 90.9% success rate. Stafford covers the Financial sector, focusing on stocks such as Carolina Financial Corporation, Pacific Premier Bancorp Inc, and Pinnacle Financial Partners.
Fidelity Southern has an analyst consensus of Hold.
Based on Fidelity Southern’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $85.43 million and quarterly net profit of $15.07 million. In comparison, last year the company earned revenue of $66.74 million and had a net profit of $4.54 million.
Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is neutral on the stock. Last month, Clyde Shepherd, a Director at LION bought 167 shares for a total of $3,996.
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Fidelity Southern Corp. is a bank holding company, which through its subsidiaries Fidelity Bank and LionMark, engages in the provision of banking services and trust and wealth management services and credit-related insurance products. It attracts deposits from individuals and businesses and using these deposits and borrowed funds to originate commercial, residential mortgage, construction and installment loans. The company was founded by W. Clyde Shepherd Jr. and Robert J. Rutland on August 3, 1979 and is headquartered in Atlanta, GA.