Fidelity Southern Corporation (LION) Announces Quarterly Earnings Results, Misses Expectations By $0.06 EPS
Fidelity Southern Corporation (NASDAQ:LION) released its quarterly earnings data on Thursday. The financial services provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.06), Briefing.com reports. The business had revenue of $67.03 million during the quarter, compared to analyst estimates of $71.20 million. Fidelity Southern Corporation had a net margin of 13.78% and a return on equity of 11.43%.
Shares of Fidelity Southern Corporation (LION) opened at 22.47 on Friday. The firm has a market capitalization of $600.06 million, a price-to-earnings ratio of 12.63 and a beta of 1.32. Fidelity Southern Corporation has a 52 week low of $17.36 and a 52 week high of $24.95. The stock’s 50 day moving average price is $22.67 and its 200-day moving average price is $22.24.
In other news, Director David R. Bockel sold 5,700 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $22.05, for a total value of $125,685.00. Following the completion of the transaction, the director now directly owns 29,847 shares in the company, valued at approximately $658,126.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought a total of 545 shares of company stock valued at $12,001 over the last quarter. Company insiders own 18.77% of the company’s stock.
Several analysts recently weighed in on the company. ValuEngine lowered Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. BidaskClub raised Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $25.00 price target on shares of Fidelity Southern Corporation in a research note on Thursday, July 27th. Finally, Stephens reissued a “hold” rating and set a $24.00 price target on shares of Fidelity Southern Corporation in a research note on Friday, June 23rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $24.50.
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About Fidelity Southern Corporation
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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