Fidelity Southern Corporation (NASDAQ:LION) is scheduled to be posting 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 announced its quarterly earnings results on Thursday, April 20th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.09. The business had revenue of $75 million for the quarter, compared to the consensus estimate of $63.39 million. Fidelity Southern Corporation had a return on equity of 13.90% and a net margin of 14.60%. The business’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.
Shares of Fidelity Southern Corporation (LION) opened at 23.69 on Tuesday. The company has a 50 day moving average price of $22.20 and a 200 day moving average price of $22.77. The company has a market cap of $624.59 million, a P/E ratio of 13.85 and a beta of 1.33. Fidelity Southern Corporation has a one year low of $16.24 and a one year high of $24.95.
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In other news, insider H Palmer Proctor, Jr. sold 15,000 shares of the business’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 transaction, the insider now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Buchanan sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $22.45, for a total value of $112,250.00. Following the completion of the transaction, the insider now directly owns 208,693 shares in the company, valued at $4,685,157.85. The disclosure for this sale can be found here. Over the last three months, insiders bought 535 shares of company stock worth $12,002 and sold 29,000 shares worth $668,110. 18.77% of the stock is owned by insiders.
Several brokerages have recently commented on LION. ValuEngine downgraded Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. Zacks Investment Research downgraded Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a report on Saturday, April 22nd. Finally, Stephens reissued a “hold” rating and issued a $24.00 target price on shares of Fidelity Southern Corporation in a report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $23.88.
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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