Fidelity Southern Co. (NASDAQ:LION) – FIG Partners decreased their Q3 2018 earnings per share estimates for shares of Fidelity Southern in a report released on Friday, July 20th. FIG Partners analyst C. Marinac now forecasts that the financial services provider will earn $0.38 per share for the quarter, down from their previous estimate of $0.46. FIG Partners also issued estimates for Fidelity Southern’s Q4 2018 earnings at $0.39 EPS, FY2018 earnings at $1.38 EPS, Q1 2019 earnings at $0.38 EPS, Q2 2019 earnings at $0.42 EPS, Q3 2019 earnings at $0.45 EPS, Q4 2019 earnings at $0.46 EPS and FY2019 earnings at $1.70 EPS.

A number of other analysts have also recently weighed in on LION. BidaskClub cut shares of Fidelity Southern from a “buy” rating to a “hold” rating in a report on Friday, July 13th. Zacks Investment Research cut shares of Fidelity Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Finally, ValuEngine cut shares of Fidelity Southern from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $26.67.

NASDAQ:LION opened at $24.90 on Monday. Fidelity Southern has a fifty-two week low of $20.28 and a fifty-two week high of $27.05. The stock has a market capitalization of $673.22 million, a PE ratio of 19.01 and a beta of 1.20. The company has a current ratio of 1.02, a quick ratio of 0.92 and a debt-to-equity ratio of 0.29.

Fidelity Southern (NASDAQ:LION) last released its quarterly earnings results on Thursday, July 19th. The financial services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.10). Fidelity Southern had a net margin of 13.68% and a return on equity of 9.16%. The firm had revenue of $73.45 million during the quarter, compared to the consensus estimate of $70.50 million.

Several institutional investors have recently made changes to their positions in the stock. Foundry Partners LLC raised its position in Fidelity Southern by 16.1% during the 2nd quarter. Foundry Partners LLC now owns 239,670 shares of the financial services provider’s stock worth $6,090,000 after buying an additional 33,195 shares during the last quarter. Truewealth LLC purchased a new position in Fidelity Southern during the 2nd quarter worth approximately $435,000. Principal Financial Group Inc. raised its position in Fidelity Southern by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 169,488 shares of the financial services provider’s stock worth $3,910,000 after buying an additional 3,743 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Fidelity Southern during the 1st quarter worth approximately $401,000. Finally, Millennium Management LLC purchased a new position in Fidelity Southern during the 1st quarter worth approximately $1,264,000. 67.85% of the stock is owned by hedge funds and other institutional investors.

In related news, Director David R. Bockel sold 16,000 shares of the stock in a transaction that occurred on Wednesday, May 2nd. The shares were sold at an average price of $22.88, for a total value of $366,080.00. Following the completion of the transaction, the director now directly owns 36,440 shares of the company’s stock, valued at approximately $833,747.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased a total of 987 shares of company stock valued at $23,619 over the last ninety days. 20.18% of the stock is currently owned by insiders.

Fidelity Southern Company Profile

Fidelity Southern Corporation operates as the holding company for Fidelity Bank that provides financial products and services primarily for individuals, and small and medium-sized businesses in the United States. The company accepts noninterest-bearing demand and interest-bearing demand accounts, including money market accounts and savings deposits; and time deposits.

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

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