Analysts expect Fidelity Southern Corporation (NASDAQ:LION) to announce earnings per share (EPS) of $0.37 for the current quarter, Zacks reports. Three analysts have issued estimates for Fidelity Southern Corporation’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.39. Fidelity Southern Corporation reported earnings of $0.48 per share during the same quarter last year, which suggests a negative year over year growth rate of 22.9%. The firm is scheduled to announce its next quarterly earnings report on Thursday, October 19th.

On average, analysts expect that Fidelity Southern Corporation will report full-year earnings of $1.50 per share for the current financial year, with EPS estimates ranging from $1.42 to $1.58. For the next fiscal year, analysts anticipate that the business will post earnings of $1.57 per share, with EPS estimates ranging from $1.39 to $1.75. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Fidelity Southern Corporation.

Fidelity Southern Corporation (NASDAQ:LION) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.06. Fidelity Southern Corporation had a net margin of 14.95% and a return on equity of 12.87%. The firm had revenue of $74.60 million during the quarter, compared to analyst estimates of $71.32 million. The firm’s revenue was up 11.7% compared to the same quarter last year.

LION has been the topic of several research reports. Zacks Investment Research lowered Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, April 22nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $25.00 target price on shares of Fidelity Southern Corporation in a research report on Thursday, July 27th. Stephens reaffirmed a “hold” rating and issued a $24.00 target price on shares of Fidelity Southern Corporation in a research report on Friday, June 23rd. BidaskClub raised Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, ValuEngine lowered Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.13.

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Shares of Fidelity Southern Corporation (NASDAQ LION) traded up 0.96% during midday trading on Wednesday, hitting $22.05. The stock had a trading volume of 44,650 shares. The stock has a 50-day moving average price of $22.35 and a 200-day moving average price of $22.46. Fidelity Southern Corporation has a 12-month low of $16.24 and a 12-month high of $24.95. The stock has a market cap of $588.85 million, a P/E ratio of 12.39 and a beta of 1.31.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Tuesday, August 1st were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.20%. The ex-dividend date was Friday, July 28th. Fidelity Southern Corporation’s dividend payout ratio (DPR) is presently 26.97%.

In other news, insider H Palmer Proctor, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $23.09, for a total transaction of $346,350.00. Following the completion of the sale, the insider now directly owns 79,037 shares in the company, valued at $1,824,964.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Buchanan sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $22.45, for a total value of $112,250.00. Following the sale, the insider now owns 208,693 shares of the company’s stock, valued at $4,685,157.85. The disclosure for this sale can be found here. Over the last three months, insiders acquired 547 shares of company stock worth $12,001 and sold 25,000 shares worth $576,950. Company insiders own 18.77% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. increased its stake in shares of Fidelity Southern Corporation by 12.4% in the first quarter. Ameriprise Financial Inc. now owns 118,220 shares of the financial services provider’s stock valued at $2,646,000 after buying an additional 13,050 shares in the last quarter. Great West Life Assurance Co. Can increased its position in Fidelity Southern Corporation by 9.0% in the first quarter. Great West Life Assurance Co. Can now owns 27,936 shares of the financial services provider’s stock worth $625,000 after buying an additional 2,303 shares during the period. State of Tennessee Treasury Department increased its position in Fidelity Southern Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 19,804 shares of the financial services provider’s stock worth $443,000 after buying an additional 2,989 shares during the period. Parametric Portfolio Associates LLC increased its position in Fidelity Southern Corporation by 6.8% in the first quarter. Parametric Portfolio Associates LLC now owns 67,397 shares of the financial services provider’s stock worth $1,508,000 after buying an additional 4,294 shares during the period. Finally, Nationwide Fund Advisors increased its position in Fidelity Southern Corporation by 12.5% in the first quarter. Nationwide Fund Advisors now owns 134,215 shares of the financial services provider’s stock worth $3,004,000 after buying an additional 14,861 shares during the period. Institutional investors own 67.93% of the company’s stock.

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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Earnings History and Estimates for Fidelity Southern Corporation (NASDAQ:LION)

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