Fidelity Southern Corporation (NASDAQ:LION) – FIG Partners dropped their Q3 2017 EPS estimates for shares of Fidelity Southern Corporation in a report released on Thursday. FIG Partners analyst C. Marinac now expects that the financial services provider will post earnings of $0.38 per share for the quarter, down from their prior forecast of $0.45. FIG Partners also issued estimates for Fidelity Southern Corporation’s Q1 2018 earnings at $0.39 EPS and Q3 2018 earnings at $0.47 EPS.
Fidelity Southern Corporation (NASDAQ:LION) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.06. The business had revenue of $74.60 million for the quarter, compared to the consensus estimate of $71.32 million. Fidelity Southern Corporation had a net margin of 14.95% and a return on equity of 12.87%. The company’s revenue was up 11.7% on a year-over-year basis.
A number of other brokerages also recently issued reports on LION. Stephens reiterated a “hold” rating and issued a $24.00 price target on shares of Fidelity Southern Corporation in a report on Friday, June 23rd. Zacks Investment Research lowered Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a report on Saturday, April 22nd. Finally, ValuEngine lowered Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th.
Fidelity Southern Corporation (LION) opened at 22.43 on Monday. The stock has a market capitalization of $592.89 million, a PE ratio of 12.61 and a beta of 1.33. Fidelity Southern Corporation has a 52 week low of $16.24 and a 52 week high of $24.95. The firm has a 50-day moving average price of $22.90 and a 200-day moving average price of $22.69.
Several large investors have recently added to or reduced their stakes in LION. Mason Street Advisors LLC increased its stake in Fidelity Southern Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,951 shares of the financial services provider’s stock valued at $111,000 after buying an additional 324 shares during the last quarter. First Quadrant L P CA acquired a new stake in shares of Fidelity Southern Corporation during the second quarter worth $124,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Fidelity Southern Corporation during the fourth quarter worth $182,000. New York State Teachers Retirement System acquired a new stake in shares of Fidelity Southern Corporation during the fourth quarter worth $192,000. Finally, OppenheimerFunds Inc. acquired a new stake in shares of Fidelity Southern Corporation during the first quarter worth $226,000. 68.74% of the stock is owned by institutional investors.
In other news, insider H Palmer Proctor, Jr. sold 15,000 shares of the business’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $23.09, for a total value of $346,350.00. Following the completion of the sale, the insider now owns 79,037 shares of the company’s stock, valued at approximately $1,824,964.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Buchanan sold 5,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $23.67, for a total transaction of $118,350.00. Following the completion of the sale, the insider now directly owns 213,693 shares of the company’s stock, valued at approximately $5,058,113.31. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 535 shares of company stock worth $12,002 and have sold 29,000 shares worth $668,110. Insiders own 18.77% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Tuesday, August 1st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.48 annualized dividend and a dividend yield of 2.14%. Fidelity Southern Corporation’s payout ratio is 26.97%.
Fidelity Southern Corporation Company Profile
Fidelity Southern Corporation is a bank holding company. The Company conducts its operations through its subsidiary bank, Fidelity Bank, which is a state chartered bank (the Bank). The Company provides an array of financial products and services for business and retail customers in the metropolitan Atlanta and Jacksonville, Orlando and Sarasota-Bradenton, Florida markets.
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