Fidelity Southern Corporation (LION) on Focus After Trading At All-Time Highs

February 17, 2018 - By Louis Casey

Investors sentiment decreased to 1.64 in 2017 Q3. Its down 0.59, from 2.23 in 2017Q2. It dived, as 11 investors sold Fidelity Southern Corporation shares while 25 reduced holdings. 14 funds opened positions while 45 raised stakes. 17.98 million shares or 2.44% more from 17.55 million shares in 2017Q2 were reported.
Delta Asset Mgmt Ltd Com Tn has 825 shares. Virginia Retirement Sys Et Al holds 18,800 shares. Credit Suisse Ag accumulated 24,412 shares or 0% of the stock. Ls Invest Advsr Ltd Com accumulated 795 shares. 12,018 were accumulated by Teton. Blackrock Inc stated it has 0% in Fidelity Southern Corporation (NASDAQ:LION). Illinois-based Rmb Management Limited Liability has invested 0.37% in Fidelity Southern Corporation (NASDAQ:LION). First Tru Ltd Partnership invested 0% in Fidelity Southern Corporation (NASDAQ:LION). Aqr Mgmt Lc holds 149,011 shares. Salzhauer Michael has 0.11% invested in Fidelity Southern Corporation (NASDAQ:LION) for 10,622 shares. 54,898 are held by State Board Of Administration Of Florida Retirement. Mendon Cap Advsr holds 1.41% or 712,489 shares in its portfolio. Carroll Inc holds 0% of its portfolio in Fidelity Southern Corporation (NASDAQ:LION) for 325 shares. Legal And General Group Public Ltd invested 0% in Fidelity Southern Corporation (NASDAQ:LION). Louisiana State Employees Retirement has invested 0.01% in Fidelity Southern Corporation (NASDAQ:LION).

Since September 21, 2017, it had 2 buys, and 2 sales for $174,483 activity. Shares for $56,797 were sold by Lankford William C Jr on Tuesday, January 23. Shares for $125,696 were sold by BOCKEL DAVID R on Thursday, September 21.

The stock of Fidelity Southern Corporation (NASDAQ:LION) reached all time high today, Feb, 17 and still has $25.40 target or 3.00 % above today’s $24.66 share price. This indicates more upside for the $661.72M company. This technical setup was reported by Barchart.com. If the $25.40 PT is reached, the company will be worth $19.85M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 4.18% or $0.99 during the last trading session, reaching $24.66. About 203,418 shares traded or 134.08% up from the average. Fidelity Southern Corporation (NASDAQ:LION) has risen 36.36% since February 17, 2017 and is uptrending. It has outperformed by 19.66% the S&P500.

Fidelity Southern Corporation (NASDAQ:LION) Ratings Coverage

Among 7 analysts covering Fidelity Southern Corp (NASDAQ:LION), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Fidelity Southern Corp had 11 analyst reports since July 17, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the shares of LION in report on Thursday, December 21 with “Buy” rating. The stock of Fidelity Southern Corporation (NASDAQ:LION) earned “Buy” rating by Keefe Bruyette & Woods on Tuesday, October 3. The stock of Fidelity Southern Corporation (NASDAQ:LION) earned “Hold” rating by Sandler O’Neill on Monday, January 22. The firm has “Outperform” rating by Keefe Bruyette & Woods given on Friday, July 22. The firm earned “Buy” rating on Monday, June 26 by Keefe Bruyette & Woods. On Tuesday, July 25 the stock rating was maintained by Stephens with “Hold”. The stock has “Market Perform” rating by FBR Capital on Wednesday, May 18. The company was maintained on Monday, October 23 by Robert W. Baird. The rating was maintained by Stephens with “Hold” on Friday, June 23. The rating was upgraded by Wood on Friday, July 22 to “Outperform”.

More notable recent Fidelity Southern Corporation (NASDAQ:LION) news were published by: Prnewswire.com which released: “Charles D. Christy Named Chief Financial Officer” on June 23, 2017, also Reuters.com with their article: “BRIEF-Fidelity Southern Corp names Charles Christy as CFO” published on June 23, 2017, Prnewswire.com published: “Fidelity Southern Corporation Declares First Quarter Cash Dividend” on January 19, 2018. More interesting news about Fidelity Southern Corporation (NASDAQ:LION) were released by: Prnewswire.com and their article: “Fidelity Southern Corporation Elects Two New Directors of Company and Bank” published on February 15, 2018 as well as Nasdaq.com‘s news article titled: “Fidelity Southern Corporation (LION) Ex-Dividend Date Scheduled for February …” with publication date: January 31, 2018.

Fidelity Southern Corporation operates as the holding firm for Fidelity Bank that provides financial services and products primarily for individuals, and small and medium-sized businesses in the metropolitan Atlanta and Jacksonville, Orlando and Sarasota-Bradenton, Florida markets. The company has market cap of $661.72 million. The firm accepts noninterest-bearing demand and interest-bearing demand accounts, including money market accounts and savings deposits; and time deposits. It has a 16.55 P/E ratio. It also offers various loans, such as commercial and industrial loans, commercial real estate loans, indirect automobile loans, real estate construction loans, and real estate mortgage loans, as well as consumer loans, including automobile loans, residential mortgage and home equity loans, and secured and unsecured personal loans.

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