Fidelity Southern Co. (LION) Posts Earnings Results, Beats Expectations By $0.09 EPS
Fidelity Southern Co. (NASDAQ:LION) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.09. The company had revenue of $75 million for the quarter, compared to analyst estimates of $63.39 million. Fidelity Southern had a return on equity of 14.40% and a net margin of 13.34%. The company’s quarterly revenue was up 26.7% on a year-over-year basis.
Fidelity Southern (NASDAQ:LION) opened at 21.21 on Friday. The firm has a 50-day moving average price of $21.82 and a 200-day moving average price of $22.09. Fidelity Southern has a 1-year low of $14.45 and a 1-year high of $24.95. The firm has a market cap of $558.97 million, a price-to-earnings ratio of 14.14 and a beta of 1.05.
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In other Fidelity Southern news, Director Donald A. Harp, Jr. sold 12,668 shares of Fidelity Southern stock in a transaction dated Wednesday, January 25th. The stock was sold at an average price of $24.25, for a total transaction of $307,199.00. Following the transaction, the director now directly owns 29,547 shares of the company’s stock, valued at approximately $716,514.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William C. Lankford, Jr. sold 5,334 shares of Fidelity Southern stock in a transaction dated Friday, January 27th. The stock was sold at an average price of $24.46, for a total value of $130,469.64. Following the transaction, the director now directly owns 7,930 shares in the company, valued at $193,967.80. The disclosure for this sale can be found here. Insiders have acquired a total of 520 shares of company stock worth $11,977 over the last ninety days. Company insiders own 19.93% of the company’s stock.
A number of equities analysts have commented on the company. FBR & Co reissued a “hold” rating and issued a $24.50 price objective on shares of Fidelity Southern in a research note on Monday, January 23rd. Stephens reissued a “hold” rating on shares of Fidelity Southern in a research note on Friday. Finally, Zacks Investment Research lowered Fidelity Southern from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 23rd.
About Fidelity Southern
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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