Fidelity Southern Corp. (NASDAQ:LION) – Equities research analysts at FBR & Co upped their Q3 2016 earnings estimates for shares of Fidelity Southern Corp. in a note issued to investors on Tuesday. FBR & Co analyst C. Nolan now expects that the brokerage will earn $0.46 per share for the quarter, up from their previous forecast of $0.38. FBR & Co currently has a “Hold” rating and a $18.00 target price on the stock.

Several other analysts have also recently weighed in on LION. Keefe, Bruyette & Woods upgraded shares of Fidelity Southern Corp. from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research note on Friday, July 22nd. Zacks Investment Research upgraded shares of Fidelity Southern Corp. from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Tuesday, July 26th.

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

Fidelity Southern Corp. (NASDAQ:LION) traded up 0.669% during mid-day trading on Wednesday, hitting $18.805. 5,055 shares of the stock traded hands. The company has a 50 day moving average price of $18.04 and a 200-day moving average price of $16.78. Fidelity Southern Corp. has a one year low of $14.01 and a one year high of $23.05. The stock has a market capitalization of $489.59 million, a PE ratio of 17.268 and a beta of 0.91.

Fidelity Southern Corp. (NASDAQ:LION) last released its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.19. Fidelity Southern Corp. had a net margin of 10.97% and a return on equity of 12.41%.

In other Fidelity Southern Corp. news, Director Rankin M. Smith, Jr. sold 52,078 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $17.46, for a total transaction of $909,281.88. Following the sale, the director now directly owns 238,330 shares of the company’s stock, valued at approximately $4,161,241.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rankin M. Smith, Jr. sold 27,571 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $17.34, for a total transaction of $478,081.14. Following the sale, the director now directly owns 266,330 shares in the company, valued at $4,618,162.20. The disclosure for this sale can be found here. 19.93% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of LION. American International Group Inc. raised its stake in Fidelity Southern Corp. by 22.1% in the second quarter. American International Group Inc. now owns 11,941 shares of the financial services provider’s stock worth $187,000 after buying an additional 2,165 shares during the last quarter. Panagora Asset Management Inc. raised its stake in Fidelity Southern Corp. by 31.5% in the second quarter. Panagora Asset Management Inc. now owns 13,869 shares of the financial services provider’s stock worth $217,000 after buying an additional 3,324 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Fidelity Southern Corp. by 36.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 16,033 shares of the financial services provider’s stock worth $251,000 after buying an additional 4,324 shares during the last quarter. InterOcean Capital LLC raised its stake in Fidelity Southern Corp. by 10.5% in the second quarter. InterOcean Capital LLC now owns 17,200 shares of the financial services provider’s stock worth $270,000 after buying an additional 1,634 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Fidelity Southern Corp. during the second quarter worth $297,000. 59.46% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity Southern Corp. Company Profile

Fidelity Southern Corporation is a bank holding company. The Company operates in the community banking segment. It conducts its operations through its subsidiary bank, Fidelity Bank (the Bank). The Bank provides various financial products and services for retail customers and small to medium-sized businesses, primarily in Atlanta and Jacksonville, Orlando and Sarasota-Bradenton, Florida markets.

5 Day Chart for NASDAQ:LION

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