Fidelity Southern Corporation (LION) Releases Earnings Results
Fidelity Southern Corporation (NASDAQ:LION) issued its quarterly earnings data on Thursday. The financial services provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.11), Briefing.com reports. Fidelity Southern Corporation had a return on equity of 12.87% and a net margin of 14.95%.
Shares of Fidelity Southern Corporation (NASDAQ LION) traded down 1.54% on Thursday, hitting $23.00. 106,048 shares of the company’s stock were exchanged. The stock has a market cap of $614.22 million, a price-to-earnings ratio of 12.93 and a beta of 1.32. Fidelity Southern Corporation has a 12-month low of $17.36 and a 12-month high of $24.95. The company’s 50-day moving average price is $22.61 and its 200 day moving average price is $22.23.
A number of research analysts have weighed in on the stock. ValuEngine downgraded shares of Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Stephens reiterated a “hold” rating and issued a $24.00 price objective on shares of Fidelity Southern Corporation in a research report on Friday, June 23rd. Zacks Investment Research downgraded shares of Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. BidaskClub upgraded shares of Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $25.00 price objective on shares of Fidelity Southern Corporation in a research report on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Fidelity Southern Corporation currently has an average rating of “Hold” and a consensus price target of $24.50.
In related news, Director David R. Bockel sold 5,700 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 29,847 shares in the company, valued at $658,126.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 545 shares of company stock valued at $12,001 in the last quarter. Company insiders own 18.77% of the company’s stock.
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.