Fidelity Bank Plc has recorded an uptick in its market value by 13% increase in its market value as investors continue to target the financial institution’s upside potential.
The bank attracted significant investor buying on the Nigerian Exchange last week, accompanied by higher-than-usual trading volumes across sessions.
Supported by heavy trading activity, the Tier-2 lender contributed to the banking index’s positive performance, with its share price climbing to ₦21.60 at the close of last week’s trading session, up from ₦19.10.
This sharp weekly gain lifted the company’s total market value to ₦1.364 trillion. The heavy trading volume suggested that buy-side investors placed strategic bets on the financial stock, boosting its overall market performance.
In their stock recommendations, equities analysts at Cowry Securities Limited anticipated a 40% upside potential for investors holding Fidelity Bank at the current market price.
Fidelity Bank entered the second quarter with a stronger capital base after successfully completing its recapitalization exercise, resulting in greater transparency and enhanced loss-absorption capacity.
In its market update, the investment firm set Fidelity Bank’s share price target at ₦29.19 and issued a buy recommendation based on the reference market price of ₦21.60.
Analysts remain positive on the bank, with projections indicating that earnings per share will climb by about 40%.
The market value of Fidelity Bank Plc’s 63.174 billion outstanding shares increased week-on-week as analysts noted that its enhanced capacity positions the bank to finance key projects and expand its lending portfolio.
According to a recent rating note by GCR, Fidelity Bank is the sixth-largest bank in Nigeria, boasting total assets of ₦10.5 trillion and an estimated 8.0% share of the industry’s gross loans as of December 2025.
Over the medium term, the bank plans to leverage its existing international banking license to enter three new African markets in a bid to diversify its country-risk exposure and further entrench its competitiveness among rated peers.