Fidelity Southern Corp. (NASDAQ:LION) – Analysts at FBR & Co lowered their FY2016 earnings per share estimates for Fidelity Southern Corp. in a note issued to investors on Tuesday. FBR & Co analyst C. Nolan now forecasts that the firm will post earnings per share of $1.26 for the year, down from their previous forecast of $1.55. FBR & Co currently has a “Hold” rating and a $18.00 price target on the stock.

Fidelity Southern Corp. (NASDAQ:LION) last posted its quarterly earnings data 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%.

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

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

Fidelity Southern Corp. (NASDAQ:LION) traded down 2.81% on Thursday, hitting $18.33. 12,666 shares of the stock traded hands. The stock has a market cap of $477.22 million, a price-to-earnings ratio of 16.83 and a beta of 0.91. The firm’s 50-day moving average price is $18.09 and its 200-day moving average price is $16.79. Fidelity Southern Corp. has a 12-month low of $14.01 and a 12-month high of $23.05.

In other news, Director Rankin M. Smith, Jr. sold 27,571 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $17.34, for a total transaction of $478,081.14. Following the completion of the transaction, the director now owns 266,330 shares of the company’s stock, valued at approximately $4,618,162.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Rankin M. Smith, Jr. sold 52,078 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $17.46, for a total transaction of $909,281.88. Following the transaction, the director now directly owns 238,330 shares of the company’s stock, valued at approximately $4,161,241.80. The disclosure for this sale can be found here. Insiders own 19.93% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of LION. Swiss National Bank increased its position in Fidelity Southern Corp. by 7.4% in the second quarter. Swiss National Bank now owns 37,900 shares of the financial services provider’s stock worth $594,000 after buying an additional 2,600 shares in the last quarter. Context BH Capital Management LP bought a new position in Fidelity Southern Corp. during the second quarter worth approximately $1,551,000. California State Teachers Retirement System increased its position in Fidelity Southern Corp. by 5.9% in the second quarter. California State Teachers Retirement System now owns 43,494 shares of the financial services provider’s stock worth $682,000 after buying an additional 2,441 shares in the last quarter. Bank of New York Mellon Corp increased its position in Fidelity Southern Corp. by 5.2% in the second quarter. Bank of New York Mellon Corp now owns 104,709 shares of the financial services provider’s stock worth $1,641,000 after buying an additional 5,150 shares in the last quarter. Finally, Cutler Capital Management LLC increased its position in Fidelity Southern Corp. by 67.7% in the second quarter. Cutler Capital Management LLC now owns 182,019 shares of the financial services provider’s stock worth $2,852,000 after buying an additional 73,459 shares in the last quarter. 59.46% of the stock is owned by 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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