Wall Street analysts expect Fidelity Southern Corporation (NASDAQ:LION) to report $0.37 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have issued estimates for Fidelity Southern Corporation’s earnings. The highest EPS estimate is $0.39 and the lowest is $0.34. Fidelity Southern Corporation reported earnings of $0.48 per share in the same quarter last year, which indicates a negative year over year growth rate of 22.9%. The business is scheduled to report its next quarterly earnings report on Thursday, October 19th.

On average, analysts expect that Fidelity Southern Corporation will report full-year earnings of $1.50 per share for the current financial year, with EPS estimates ranging from $1.42 to $1.58. For the next financial year, analysts expect that the business will post earnings of $1.57 per share, with EPS estimates ranging from $1.39 to $1.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Fidelity Southern Corporation.

Fidelity Southern Corporation (NASDAQ:LION) last released its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.06. Fidelity Southern Corporation had a net margin of 14.95% and a return on equity of 12.87%. The company had revenue of $74.60 million for the quarter, compared to the consensus estimate of $71.32 million. Fidelity Southern Corporation’s quarterly revenue was up 11.7% compared to the same quarter last year.

A number of equities research analysts have recently commented on LION shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Fidelity Southern Corporation in a research note on Thursday, July 27th. ValuEngine lowered shares of Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Stephens reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Fidelity Southern Corporation in a research note on Friday, June 23rd. BidaskClub raised shares of Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research lowered shares of Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Fidelity Southern Corporation has a consensus rating of “Hold” and a consensus target price of $25.13.

In related news, insider David Buchanan sold 5,000 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $23.67, for a total transaction of $118,350.00. Following the transaction, the insider now owns 213,693 shares in the company, valued at approximately $5,058,113.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider H Palmer Proctor, Jr. sold 15,000 shares of the business’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $23.09, for a total transaction of $346,350.00. Following the transaction, the insider now owns 79,037 shares in the company, valued at approximately $1,824,964.33. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 547 shares of company stock worth $12,001 and have sold 25,000 shares worth $576,950. 18.77% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its position in Fidelity Southern Corporation by 76.3% in the first quarter. Wellington Management Group LLP now owns 1,013,308 shares of the financial services provider’s stock worth $22,677,000 after buying an additional 438,518 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Fidelity Southern Corporation by 14.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,298,246 shares of the financial services provider’s stock worth $29,055,000 after buying an additional 160,607 shares during the last quarter. Vanguard Group Inc. increased its position in Fidelity Southern Corporation by 13.0% in the first quarter. Vanguard Group Inc. now owns 1,118,024 shares of the financial services provider’s stock worth $25,021,000 after buying an additional 128,613 shares during the last quarter. Martingale Asset Management L P bought a new position in Fidelity Southern Corporation during the second quarter worth about $2,427,000. Finally, State Street Corp increased its position in Fidelity Southern Corporation by 33.0% in the fourth quarter. State Street Corp now owns 398,583 shares of the financial services provider’s stock worth $9,431,000 after buying an additional 98,856 shares during the last quarter. Institutional investors own 67.93% of the company’s stock.

Fidelity Southern Corporation (NASDAQ LION) traded up 0.96% during mid-day trading on Wednesday, hitting $22.05. 44,650 shares of the stock traded hands. Fidelity Southern Corporation has a one year low of $16.24 and a one year high of $24.95. The company has a 50 day moving average price of $22.35 and a 200-day moving average price of $22.46. The stock has a market capitalization of $588.85 million, a PE ratio of 12.39 and a beta of 1.31.

The business also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Tuesday, August 1st were given a dividend of $0.12 per share. The ex-dividend date was Friday, July 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.20%. Fidelity Southern Corporation’s payout ratio is presently 26.97%.

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

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