Fidelity Southern (LION) Receives a Buy from Stephens

By Carrie Williams

In a report released today, Tyler Stafford from Stephens assigned a Buy rating to Fidelity Southern (LIONResearch Report), with a price target of $31. The company’s shares opened today at $28.35.

According to TipRanks.com, Stafford is a 4-star analyst with an average return of 5.8% and a 60.3% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for Fidelity Southern.

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The company has a one-year high of $33.32 and a one-year low of $21.18. Currently, Fidelity Southern has an average volume of 161.2K.

Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LION in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Fidelity Southern Corp. operates as a bank holding company. The firm 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.