Sterne Agee Adjust Estimates On Fidelity Southern

In a report published Tuesday, Sterne Agee analyst Peyton Green reiterated a Neutral rating on Fidelity Southern (NASDAQ: LION).

In the report, Sterne Agee noted, “We are lowering our 2014E EPS to $1.15 (-$0.05) and 2015E EPS to $1.05 (-$0.15), and introducing a 2016E EPS of $1.10. Our estimates are above consensus EPS of $1.11 in 2014E, but below consensus 2015E and 2016E EPS of $1.14 and $1.40, respectively. LION remains Neutral-rated given the cyclical nature of its business mix.”

Fidelity Southern closed on Monday at $14.88.