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%.
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.
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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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