Fidelity Southern Corporation (LION) Set to Announce Quarterly Earnings on Wednesday
Fidelity Southern Corporation (NASDAQ:LION) is scheduled to issue its quarterly earnings data on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.43 per share for the quarter.
Fidelity Southern Corporation (NASDAQ:LION) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $74.60 million for the quarter, compared to the consensus estimate of $71.32 million. The company’s revenue was up 11.7% compared to the same quarter last year. On average, analysts expect Fidelity Southern Corporation to post $1.45 EPS for the current fiscal year and $1.66 EPS for the next fiscal year.
Shares of Fidelity Southern Corporation (NASDAQ:LION) opened at 23.74 on Wednesday. The company has a market capitalization of $633.98 million, a PE ratio of 13.34 and a beta of 1.32. Fidelity Southern Corporation has a 12 month low of $17.36 and a 12 month high of $24.95. The stock’s 50 day moving average price is $22.27 and its 200 day moving average price is $22.16.
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LION has been the topic of several recent research reports. Stephens reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Fidelity Southern Corporation in a research note on Friday, June 23rd. Zacks Investment Research raised Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $25.00 target price on shares of Fidelity Southern Corporation in a research note on Thursday, July 27th. BidaskClub raised Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, ValuEngine downgraded Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Fidelity Southern Corporation has an average rating of “Hold” and a consensus target price of $24.50.
In related news, Director David R. Bockel sold 5,700 shares of Fidelity Southern Corporation stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $22.05, for a total transaction of $125,685.00. Following the sale, the director now owns 29,847 shares of the company’s stock, valued at approximately $658,126.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased a total of 545 shares of company stock worth $12,001 in the last three months. 18.77% of the stock is owned by corporate insiders.
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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