Fidelity Southern Corporation (LION) Issues Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Fidelity Southern Corporation (NASDAQ:LION) announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.06), reports. Fidelity Southern Corporation had a net margin of 13.78% and a return on equity of 11.30%. The company had revenue of $67.03 million during the quarter, compared to analyst estimates of $71.20 million.

Fidelity Southern Corporation (NASDAQ:LION) traded up 0.36% during trading on Friday, hitting $22.29. The company had a trading volume of 45,214 shares. The company has a market cap of $595.25 million, a PE ratio of 12.53 and a beta of 1.32. The company’s 50 day moving average price is $22.69 and its 200-day moving average price is $22.25. Fidelity Southern Corporation has a 12 month low of $17.78 and a 12 month high of $24.95.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Wednesday, November 1st will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, October 31st. Fidelity Southern Corporation’s dividend payout ratio is currently 30.00%.

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In other news, Director David R. Bockel sold 5,700 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $22.05, for a total value of $125,685.00. Following the completion of the transaction, the director now directly owns 29,847 shares in the company, valued at $658,126.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought 545 shares of company stock valued at $12,001 over the last quarter. Insiders own 18.77% of the company’s stock.

A number of analysts have weighed in on the company. BidaskClub cut Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. ValuEngine cut Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research cut Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $25.00 price objective on shares of Fidelity Southern Corporation in a report on Thursday, July 27th. One research 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. The company currently has a consensus rating of “Hold” and a consensus price target of $24.50.

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.

Earnings History for Fidelity Southern Corporation (NASDAQ:LION)

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