Fidelity Southern Corporation (NASDAQ:LION) announced its earnings results on Thursday, July 20th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.06, MarketWatch Earnings reports. The company had revenue of $74.60 million for the quarter, compared to the consensus estimate of $71.32 million. Fidelity Southern Corporation had a return on equity of 12.87% and a net margin of 14.95%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis.
Shares of Fidelity Southern Corporation (LION) traded down 0.27% during mid-day trading on Wednesday, reaching $21.78. The company had a trading volume of 68,089 shares. Fidelity Southern Corporation has a 12-month low of $16.24 and a 12-month high of $24.95. The firm has a 50-day moving average of $22.35 and a 200-day moving average of $22.46. The company has a market capitalization of $581.63 million, a P/E ratio of 12.24 and a beta of 1.31.
The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Tuesday, August 1st were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Friday, July 28th. Fidelity Southern Corporation’s payout ratio is 26.97%.
In other Fidelity Southern Corporation news, insider H Palmer Proctor, Jr. sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $23.09, for a total transaction of $346,350.00. Following the completion of the transaction, the insider now owns 79,037 shares of the company’s stock, valued at $1,824,964.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Buchanan sold 5,000 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $22.45, for a total transaction of $112,250.00. Following the sale, the insider now owns 208,693 shares in the company, valued at approximately $4,685,157.85. The disclosure for this sale can be found here. Over the last three months, insiders purchased 547 shares of company stock valued at $12,001 and sold 25,000 shares valued at $576,950. 18.77% of the stock is owned by corporate insiders.
Several research analysts recently issued reports on the company. ValuEngine lowered Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research lowered Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, April 22nd. Stephens reissued a “hold” rating and issued a $24.00 price objective on shares of Fidelity Southern Corporation in a research report on Friday, June 23rd. BidaskClub raised Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $25.00 price objective on shares of Fidelity Southern Corporation in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.13.
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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.
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