Fidelity Southern Co. (NASDAQ:LION) issued its earnings results on Thursday. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.09. The business had revenue of $75 million during the quarter, compared to the consensus estimate of $63.39 million. Fidelity Southern had a return on equity of 14.40% and a net margin of 13.34%. Fidelity Southern’s revenue for the quarter was up 26.7% on a year-over-year basis.
Fidelity Southern (NASDAQ:LION) opened at 21.30 on Friday. The company has a 50-day moving average price of $21.88 and a 200 day moving average price of $22.69. Fidelity Southern has a 1-year low of $14.45 and a 1-year high of $24.95. The stock has a market capitalization of $561.57 million, a P/E ratio of 12.46 and a beta of 1.05.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Tuesday, May 2nd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.28%. The ex-dividend date was Friday, April 28th. Fidelity Southern’s payout ratio is currently 32.21%.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Fidelity Southern from a “hold” rating to a “sell” rating in a research note on Saturday, April 22nd. Stephens reissued a “hold” rating on shares of Fidelity Southern in a research note on Friday, April 21st. Finally, FBR & Co reissued a “hold” rating and set a $24.50 target price on shares of Fidelity Southern in a research note on Monday, January 23rd.
In related news, insider David Buchanan sold 4,000 shares of the firm’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $22.79, for a total transaction of $91,160.00. Following the sale, the insider now directly owns 218,693 shares in the company, valued at $4,984,013.47. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have purchased 526 shares of company stock worth $11,991. 19.93% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in Fidelity Southern by 6.3% in the first quarter. Geode Capital Management LLC now owns 254,949 shares of the financial services provider’s stock worth $5,705,000 after buying an additional 15,160 shares during the period. Vanguard Group Inc. increased its position in Fidelity Southern by 13.0% in the first quarter. Vanguard Group Inc. now owns 1,118,024 shares of the financial services provider’s stock worth $25,021,000 after buying an additional 128,613 shares during the period. Finally, Teachers Advisors LLC increased its position in Fidelity Southern by 3.0% in the first quarter. Teachers Advisors LLC now owns 35,372 shares of the financial services provider’s stock worth $792,000 after buying an additional 1,039 shares during the period. 63.11% of the stock is owned by institutional investors and hedge funds.
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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