Fidelity Southern Corporation (NASDAQ:LION) is set to post its quarterly earnings results on Wednesday, July 19th. Analysts expect Fidelity Southern Corporation to post earnings of $0.39 per share for the quarter.
Fidelity Southern Corporation (NASDAQ:LION) last released its quarterly earnings results on Thursday, April 20th. The financial services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.31 by $0.09. The company had revenue of $75 million for the quarter, compared to analyst estimates of $63.39 million. Fidelity Southern Corporation had a return on equity of 13.90% and a net margin of 14.60%. The company’s revenue for the quarter was up 26.7% on a year-over-year basis. On average, analysts expect Fidelity Southern Corporation to post $1.58 EPS for the current fiscal year and $1.76 EPS for the next fiscal year.
Fidelity Southern Corporation (NASDAQ LION) opened at 23.69 on Tuesday. The firm’s 50-day moving average price is $22.20 and its 200 day moving average price is $22.77. Fidelity Southern Corporation has a 52-week low of $16.24 and a 52-week high of $24.95. The firm has a market cap of $624.59 million, a price-to-earnings ratio of 13.85 and a beta of 1.33.
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LION has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Fidelity Southern Corporation from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 23rd. Stephens reaffirmed a “hold” rating and set a $24.00 target price on shares of Fidelity Southern Corporation in a report on Friday, June 23rd. Finally, ValuEngine downgraded Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $23.88.
In related news, insider H Palmer Proctor, Jr. sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $23.09, for a total value of $346,350.00. Following the sale, the insider now owns 79,037 shares of the company’s stock, valued at approximately $1,824,964.33. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David Buchanan sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $23.67, for a total value of $118,350.00. Following the completion of the sale, the insider now directly owns 213,693 shares in the company, valued at approximately $5,058,113.31. The disclosure for this sale can be found here. In the last three months, insiders purchased 535 shares of company stock worth $12,002 and sold 29,000 shares worth $668,110. Company 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.
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