Analysts Issue Forecasts for Fidelity Southern Co.’s Q1 2019 Earnings (LION)

Fidelity Southern Co. (NASDAQ:LION) – Stock analysts at FIG Partners issued their Q1 2019 earnings per share (EPS) estimates for shares of Fidelity Southern in a report released on Friday. FIG Partners analyst C. Marinac anticipates that the financial services provider will post earnings of $0.44 per share for the quarter. FIG Partners also issued estimates for Fidelity Southern’s Q2 2019 earnings at $0.49 EPS, Q3 2019 earnings at $0.51 EPS, Q4 2019 earnings at $0.47 EPS and FY2019 earnings at $1.91 EPS.

Fidelity Southern (NASDAQ:LION) last issued its earnings results on Friday, January 19th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.04). Fidelity Southern had a return on equity of 9.06% and a net margin of 13.59%. The business had revenue of $64.76 million during the quarter, compared to the consensus estimate of $67.00 million.

Separately, Zacks Investment Research raised Fidelity Southern from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $24.88.

Shares of Fidelity Southern (NASDAQ:LION) traded up $0.21 during midday trading on Monday, reaching $23.96. 183,200 shares of the company’s stock were exchanged, compared to its average volume of 69,385. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.30. Fidelity Southern has a 1 year low of $20.08 and a 1 year high of $24.95. The company has a market capitalization of $646.29, a PE ratio of 16.08 and a beta of 1.31.

Several hedge funds and other institutional investors have recently bought and sold shares of LION. Dimensional Fund Advisors LP increased its stake in shares of Fidelity Southern by 9.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,417,689 shares of the financial services provider’s stock valued at $32,409,000 after acquiring an additional 119,443 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Fidelity Southern by 55.4% during the second quarter. Ameriprise Financial Inc. now owns 183,764 shares of the financial services provider’s stock valued at $4,201,000 after acquiring an additional 65,544 shares during the period. Citadel Advisors LLC acquired a new position in shares of Fidelity Southern during the second quarter valued at approximately $1,427,000. Vanguard Group Inc. increased its stake in shares of Fidelity Southern by 4.4% during the second quarter. Vanguard Group Inc. now owns 1,167,050 shares of the financial services provider’s stock valued at $26,679,000 after acquiring an additional 49,026 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Fidelity Southern by 133.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 81,142 shares of the financial services provider’s stock valued at $1,919,000 after acquiring an additional 46,394 shares during the period. Institutional investors and hedge funds own 69.42% of the company’s stock.

In related news, Chairman James B. Miller, Jr. sold 17,347 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $21.91, for a total transaction of $380,072.77. Following the transaction, the chairman now owns 2,876,372 shares in the company, valued at $63,021,310.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James B. Miller, Jr. sold 35,700 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $22.11, for a total transaction of $789,327.00. Following the transaction, the insider now owns 2,876,372 shares in the company, valued at approximately $63,596,584.92. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 10,546 shares of company stock worth $19,596 and have sold 76,047 shares worth $1,266,090. Insiders own 18.77% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Friday, February 2nd will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.00%. Fidelity Southern’s dividend payout ratio (DPR) is presently 32.21%.

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Fidelity Southern 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 (NASDAQ:LION)

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