Equities research analysts predict that Fidelity Southern Corporation (NASDAQ:LION) will post earnings per share of $0.30 for the current quarter, Zacks reports. Two analysts have provided estimates for Fidelity Southern Corporation’s earnings, with estimates ranging from $0.27 to $0.33. Fidelity Southern Corporation reported earnings per share of $0.57 in the same quarter last year, which suggests a negative year over year growth rate of 47.4%. The business is scheduled to announce its next quarterly earnings results on Thursday, January 18th.
According to Zacks, analysts expect that Fidelity Southern Corporation will report full year earnings of $1.37 per share for the current fiscal year, with EPS estimates ranging from $1.30 to $1.44. For the next year, analysts anticipate 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 earnings per share averages are an average based on a survey of research analysts that cover Fidelity Southern Corporation.
Fidelity Southern Corporation (NASDAQ:LION) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.06). The firm had revenue of $67.03 million for the quarter, compared to the consensus estimate of $71.20 million. Fidelity Southern Corporation had a net margin of 13.78% and a return on equity of 11.30%.
A number of brokerages have recently issued reports on LION. BidaskClub upgraded Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $25.00 price target on shares of Fidelity Southern Corporation in a report on Thursday, July 27th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.50.
Shares of Fidelity Southern Corporation (LION) traded up $0.28 during midday trading on Friday, reaching $21.70. The company’s stock had a trading volume of 58,672 shares, compared to its average volume of 94,380. Fidelity Southern Corporation has a 1-year low of $20.08 and a 1-year high of $24.95. The company has a market cap of $582.29, a price-to-earnings ratio of 13.56 and a beta of 1.34. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.21%. Fidelity Southern Corporation’s dividend payout ratio is presently 30.00%.
In other news, Director David R. Bockel sold 5,700 shares of Fidelity Southern Corporation stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $22.05, for a total value of $125,685.00. Following the transaction, the director now directly owns 29,847 shares in the company, valued at approximately $658,126.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jason Walsh sold 113,000 shares of Fidelity Southern Corporation 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. Over the last quarter, insiders bought 37,538 shares of company stock worth $33,526 and sold 151,700 shares worth $288,635. Company insiders own 18.77% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in Fidelity Southern Corporation by 5.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,497,759 shares of the financial services provider’s stock worth $35,407,000 after buying an additional 80,070 shares during the last quarter. Cutler Capital Management LLC grew its stake in Fidelity Southern Corporation by 3.2% during the 3rd quarter. Cutler Capital Management LLC now owns 192,694 shares of the financial services provider’s stock worth $4,555,000 after buying an additional 6,000 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Fidelity Southern Corporation by 133.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 81,142 shares of the financial services provider’s stock worth $1,919,000 after buying an additional 46,394 shares during the last quarter. Wells Fargo & Company MN grew its stake in Fidelity Southern Corporation by 7.8% during the 3rd quarter. Wells Fargo & Company MN now owns 143,359 shares of the financial services provider’s stock worth $3,390,000 after buying an additional 10,381 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in Fidelity Southern Corporation by 9.4% during the 3rd quarter. Great West Life Assurance Co. Can now owns 30,567 shares of the financial services provider’s stock worth $705,000 after buying an additional 2,631 shares during the last quarter. Hedge funds and other institutional investors own 67.54% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another domain, it was illegally copied and reposted in violation of US and international trademark and copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/11/19/0-30-earnings-per-share-expected-for-fidelity-southern-corporation-lion-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Fidelity Southern Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Southern Corporation and related companies with MarketBeat.com's FREE daily email newsletter.