$0.30 EPS Expected for Fidelity Southern Corporation (LION) This Quarter
Analysts forecast that Fidelity Southern Corporation (NASDAQ:LION) will post earnings of $0.30 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Fidelity Southern’s earnings, with estimates ranging from $0.27 to $0.33. Fidelity Southern posted earnings per share of $0.57 during the same quarter last year, which would indicate a negative year over year growth rate of 47.4%. The business is scheduled to issue its next earnings report on Thursday, January 18th.
According to Zacks, analysts expect that Fidelity Southern will report full-year earnings of $1.37 per share for the current year, with EPS estimates ranging from $1.30 to $1.44. For the next fiscal year, analysts forecast that the firm will report earnings of $1.45 per share, with EPS estimates ranging from $1.11 to $1.65. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Fidelity Southern.
Fidelity Southern (NASDAQ:LION) last released its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.06). Fidelity Southern had a net margin of 13.78% and a return on equity of 11.30%. The company had revenue of $67.03 million for the quarter, compared to the consensus estimate of $71.20 million.
Several brokerages recently weighed in on LION. BidaskClub upgraded shares of Fidelity Southern from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Fidelity Southern from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Fidelity Southern currently has a consensus rating of “Hold” and an average price target of $24.50.
In other Fidelity Southern news, Director Jason Walsh sold 113,000 shares of the stock in a transaction on Friday, September 29th. The shares were sold at an average price of $0.52, for a total value of $58,760.00. Also, Chairman James B. Miller, Jr. sold 17,347 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $21.91, for a total transaction of $380,072.77. Following the completion of the sale, the chairman now owns 2,876,372 shares in the company, valued at $63,021,310.52. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 37,538 shares of company stock worth $33,526 and sold 204,747 shares worth $1,458,035. Company insiders own 18.77% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. raised its holdings in shares of Fidelity Southern by 332.4% during the third quarter. Meeder Asset Management Inc. now owns 5,072 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 3,899 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of Fidelity Southern by 60.7% during the second quarter. BNP Paribas Arbitrage SA now owns 6,440 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 2,432 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Fidelity Southern during the second quarter worth $239,000. Laurion Capital Management LP acquired a new stake in shares of Fidelity Southern during the second quarter worth $243,000. Finally, Municipal Employees Retirement System of Michigan raised its holdings in shares of Fidelity Southern by 131.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 11,060 shares of the financial services provider’s stock worth $253,000 after acquiring an additional 6,280 shares during the period. Institutional investors own 69.40% of the company’s stock.
Shares of Fidelity Southern (NASDAQ:LION) traded up $0.14 during midday trading on Thursday, reaching $21.73. 59,376 shares of the company traded hands, compared to its average volume of 102,011. Fidelity Southern has a fifty-two week low of $20.08 and a fifty-two week high of $24.95. The firm has a market capitalization of $586.86, a price-to-earnings ratio of 13.67 and a beta of 1.31. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.02 and a quick ratio of 0.93.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Wednesday, November 1st were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.48 annualized dividend and a yield of 2.21%. Fidelity Southern’s dividend payout ratio (DPR) is presently 30.00%.
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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.
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