Fidelity Southern (LION) Reaches $24.27 After 4.00% Down Move; FLETCHER BUILDING (FRCEF) Shorts Up By 13.65%

February 20, 2018 - By Vivian Park

The stock of Fidelity Southern Corporation (NASDAQ:LION) is a huge mover today! The stock decreased 1.58% or $0.39 during the last trading session, reaching $24.27. About 65,633 shares traded. Fidelity Southern Corporation (NASDAQ:LION) has risen 36.36% since February 20, 2017 and is uptrending. It has outperformed by 19.66% the S&P500.The move comes after 9 months negative chart setup for the $651.26 million company. It was reported on Feb, 20 by We have $23.30 PT which if reached, will make NASDAQ:LION worth $26.05M less.

FLETCHER BUILDING (OTCMKTS:FRCEF) had an increase of 13.65% in short interest. FRCEF’s SI was 1.07 million shares in February as released by FINRA. Its up 13.65% from 938,200 shares previously. With 800 avg volume, 1333 days are for FLETCHER BUILDING (OTCMKTS:FRCEF)’s short sellers to cover FRCEF’s short positions. It closed at $5.65 lastly. It is down 0.00% since February 20, 2017 and is . It has underperformed by 16.70% the S&P500.

Since September 21, 2017, it had 2 insider buys, and 2 selling transactions for $174,483 activity. $4,009 worth of stock was bought by SHEPHERD W CLYDE III on Friday, February 9. Another trade for 2,365 shares valued at $56,797 was made by Lankford William C Jr on Tuesday, January 23. Another trade for 5,700 shares valued at $125,696 was sold by BOCKEL DAVID R.

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 $651.26 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 16.29 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.

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. The firm has “Hold” rating by Robert W. Baird given on Monday, October 23. The rating was maintained by Stephens on Tuesday, July 25 with “Hold”. The company was upgraded on Friday, July 22 by Wood. Keefe Bruyette & Woods maintained Fidelity Southern Corporation (NASDAQ:LION) rating on Monday, June 26. Keefe Bruyette & Woods has “Buy” rating and $2500 target. The rating was initiated by FBR Capital on Wednesday, May 18 with “Market Perform”. The stock has “Hold” rating by Stephens on Friday, June 23. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Tuesday, October 3. Sandler O’Neill maintained Fidelity Southern Corporation (NASDAQ:LION) on Monday, January 22 with “Hold” rating. The stock of Fidelity Southern Corporation (NASDAQ:LION) has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The rating was upgraded by Keefe Bruyette & Woods on Friday, July 22 to “Outperform”.

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