Fidelity Southern Corporation (NASDAQ:LION) – Stock analysts at FIG Partners reduced their FY2017 earnings per share (EPS) estimates for shares of Fidelity Southern Corporation in a report issued on Friday. FIG Partners analyst C. Marinac now forecasts that the financial services provider will post earnings per share of $1.36 for the year, down from their prior forecast of $1.49. FIG Partners also issued estimates for Fidelity Southern Corporation’s Q4 2017 earnings at $0.33 EPS, Q1 2018 earnings at $0.33 EPS, Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.44 EPS and FY2018 earnings at $1.60 EPS.

Fidelity Southern Corporation (NASDAQ:LION) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.06). Fidelity Southern Corporation had a return on equity of 11.43% and a net margin of 13.78%. The business had revenue of $67.03 million during the quarter, compared to analyst estimates of $71.20 million.

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A number of other research firms have also recently issued reports on LION. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $25.00 target price on shares of Fidelity Southern Corporation in a research note on Thursday, July 27th. Zacks Investment Research cut shares of Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub upgraded shares of Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, ValuEngine cut shares of 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 issued a buy rating to the stock. Fidelity Southern Corporation currently has a consensus rating of “Hold” and a consensus price target of $24.50.

Shares of Fidelity Southern Corporation (NASDAQ LION) opened at 22.47 on Monday. Fidelity Southern Corporation has a 52-week low of $17.78 and a 52-week high of $24.95. The stock has a 50 day moving average of $22.67 and a 200 day moving average of $22.24. The firm has a market cap of $600.06 million, a price-to-earnings ratio of 12.63 and a beta of 1.32.

Several large investors have recently added to or reduced their stakes in LION. Wellington Management Group LLP raised its position in shares of Fidelity Southern Corporation by 76.3% in the first quarter. Wellington Management Group LLP now owns 1,013,308 shares of the financial services provider’s stock valued at $22,677,000 after purchasing an additional 438,518 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Fidelity Southern Corporation by 14.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,298,246 shares of the financial services provider’s stock valued at $29,055,000 after purchasing an additional 160,607 shares during the period. Vanguard Group Inc. raised its position in shares of Fidelity Southern Corporation by 13.0% in the first quarter. Vanguard Group Inc. now owns 1,118,024 shares of the financial services provider’s stock valued at $25,021,000 after purchasing an additional 128,613 shares during the period. Martingale Asset Management L P bought a new position in shares of Fidelity Southern Corporation in the second quarter valued at approximately $2,427,000. Finally, Ameriprise Financial Inc. raised its position in shares of Fidelity Southern Corporation by 55.4% in the second quarter. Ameriprise Financial Inc. now owns 183,764 shares of the financial services provider’s stock valued at $4,201,000 after purchasing an additional 65,544 shares during the period. 67.89% of the stock is currently owned by institutional investors.

In other news, Director David R. Bockel sold 5,700 shares of Fidelity Southern Corporation stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $22.05, for a total value of $125,685.00. Following the transaction, the director now owns 29,847 shares of the company’s stock, valued at $658,126.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders acquired 545 shares of company stock valued at $12,001 over the last quarter. Corporate insiders own 18.77% 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.

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

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