$0.37 Earnings Per Share Expected for Fidelity Southern Corporation (LION) This Quarter
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.
COPYRIGHT VIOLATION NOTICE: “$0.37 Earnings Per Share Expected for Fidelity Southern Corporation (LION) This Quarter” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/08/16/0-37-earnings-per-share-expected-for-fidelity-southern-corporation-lion-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Fidelity Southern Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Southern Corporation and related companies with MarketBeat.com's FREE daily email newsletter.