Fidelity Southern Co. (NASDAQ:LION) announced a dividend on Friday, April 19th, Fidelity reports. Stockholders of record on Monday, April 29th will be paid a dividend of 0.12 per share by the financial services provider on Friday, May 10th. The ex-dividend date is Friday, April 26th.
Fidelity Southern has raised its dividend payment by an average of 7.2% per year over the last three years. Fidelity Southern has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Fidelity Southern to earn $1.87 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 25.7%.
Shares of NASDAQ:LION opened at $28.07 on Friday. The stock has a market cap of $774.62 million, a P/E ratio of 17.43 and a beta of 0.66. Fidelity Southern has a 12 month low of $21.18 and a 12 month high of $33.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.94 and a current ratio of 1.00.
Fidelity Southern (NASDAQ:LION) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.12). The firm had revenue of $62.09 million for the quarter, compared to the consensus estimate of $65.10 million. Fidelity Southern had a net margin of 12.21% and a return on equity of 8.81%. On average, equities analysts forecast that Fidelity Southern will post 1.63 EPS for the current year.
In related news, Director Rankin M. Smith, Jr. bought 10,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were acquired at an average cost of $30.50 per share, for a total transaction of $305,000.00. Following the purchase, the director now directly owns 273,540 shares of the company’s stock, valued at $8,342,970. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 20.18% of the stock is owned by corporate insiders.
Several equities analysts recently commented on the stock. BidaskClub downgraded shares of Fidelity Southern from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Stephens reiterated a “buy” rating and set a $31.00 price target on shares of Fidelity Southern in a report on Thursday. Finally, Zacks Investment Research upgraded shares of Fidelity Southern from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Thursday, January 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Fidelity Southern has an average rating of “Buy” and a consensus target price of $29.33.
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About Fidelity Southern
Fidelity Southern Corporation operates as the bank holding company for Fidelity Bank that provides financial products and services primarily to individuals and small to medium-sized businesses in the United States. The company accepts noninterest-bearing and interest-bearing demand accounts, including money market accounts and savings deposits; and time deposits.
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