Fidelity Southern Corporation (LION) was Initiated by FBR Capital to “Mkt Perform” and the brokerage firm has set the Price Target at $18. FBR Capital advised their investors in a research report released on May 18, 2016.
Fidelity Southern Corporation opened for trading at $15.49 and hit $15.77 on the upside on Monday, eventually ending the session at $15.6, with a gain of 0.84% or 0.13 points. The heightened volatility saw the trading volume jump to 1,09,150 shares. Company has a market cap of $397 M.
In a different news, on May 9, 2016, W Clyde Iii Shepherd (director) purchased 250 shares at $15.98 per share price. According to the SEC, on Feb 8, 2016, Rankin M Jr Smith (director) purchased 6,305 shares at $14.48 per share price. On Jan 27, 2016, James B Jr Miller (Chairman) purchased 6,230 shares at $16.02 per share price, according to the Form-4 filing with the securities and exchange commission.
Fidelity Southern Corporation (FSC) is a bank holding company. The Company conducts operations primarily though Fidelity Bank a state chartered wholly owned subsidiary bank (the Bank). LionMark Insurance Company is a wholly owned subsidiary of FSC and is an insurance agency offering consumer credit related insurance products. The Company provides an array of financial products and services for business and retail customers primarily in the metropolitan Atlanta and northern Florida markets. The Company’s customers are primarily individuals and small and medium sized businesses. Mortgage loans indirect automobile loans and Small Business Administration (SBA) loans are provided in 12 Southern states. It offers products and services through a network of offices located in Southern states consisting of around 45 retail bank branches and 25 loan production offices.