Fidelity Southern (NASDAQ:LION) issued its quarterly earnings results on Thursday. The financial services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.08, MarketWatch Earnings reports. Fidelity Southern had a net margin of 13.68% and a return on equity of 9.04%. The company had revenue of $72.41 million during the quarter, compared to analysts’ expectations of $71.10 million.
Shares of Fidelity Southern stock traded up $0.90 during trading on Friday, hitting $24.07. 36 shares of the stock were exchanged, compared to its average volume of 103,724. The stock has a market cap of $633.82 million, a P/E ratio of 18.24 and a beta of 0.91. Fidelity Southern has a 12-month low of $20.28 and a 12-month high of $27.05. The company has a current ratio of 1.01, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29.
Several equities analysts have commented on LION shares. ValuEngine cut shares of Fidelity Southern from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Zacks Investment Research raised shares of Fidelity Southern from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Thursday, June 21st. BidaskClub cut shares of Fidelity Southern from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 30th. Sandler O’Neill set a $26.00 price target on shares of Fidelity Southern and gave the company a “hold” rating in a research report on Monday, July 23rd. Finally, Stephens raised shares of Fidelity Southern from an “equal” rating to a “weight” rating in a research report on Friday, September 7th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $29.00.
Fidelity Southern Corporation operates as the holding company for Fidelity Bank that provides financial products and services primarily for individuals, and small and medium-sized businesses in the United States. The company accepts noninterest-bearing demand and interest-bearing demand accounts, including money market accounts and savings deposits; and time deposits.
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