LSV Asset Management Decreases Holdings in Fidelity Southern Corporation (LION)

LSV Asset Management reduced its stake in Fidelity Southern Corporation (NASDAQ:LION) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,060,851 shares of the financial services provider’s stock after selling 3,200 shares during the period. LSV Asset Management owned 4.01% of Fidelity Southern Corporation worth $24,251,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LION. Teachers Advisors LLC increased its holdings in shares of Fidelity Southern Corporation by 3.2% in the fourth quarter. Teachers Advisors LLC now owns 34,333 shares of the financial services provider’s stock valued at $813,000 after purchasing an additional 1,063 shares during the last quarter. Nationwide Fund Advisors increased its holdings in shares of Fidelity Southern Corporation by 12.5% in the first quarter. Nationwide Fund Advisors now owns 134,215 shares of the financial services provider’s stock valued at $3,004,000 after purchasing an additional 14,861 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Fidelity Southern Corporation by 64.5% in the first quarter. Russell Investments Group Ltd. now owns 19,130 shares of the financial services provider’s stock valued at $428,000 after purchasing an additional 7,500 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Fidelity Southern Corporation by 9.0% in the first quarter. Great West Life Assurance Co. Can now owns 27,936 shares of the financial services provider’s stock valued at $625,000 after acquiring an additional 2,303 shares in the last quarter. Finally, Comerica Bank grew its stake in shares of Fidelity Southern Corporation by 4.1% in the first quarter. Comerica Bank now owns 23,353 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 915 shares in the last quarter. Hedge funds and other institutional investors own 68.15% of the company’s stock.

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In other Fidelity Southern Corporation news, insider H Palmer Proctor, Jr. sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $23.09, for a total transaction of $346,350.00. Following the completion of the transaction, the insider now owns 79,037 shares in the company, valued at approximately $1,824,964.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Buchanan sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $22.45, for a total value of $112,250.00. Following the transaction, the insider now owns 208,693 shares of the company’s stock, valued at approximately $4,685,157.85. The disclosure for this sale can be found here. Company insiders own 18.77% of the company’s stock.

Fidelity Southern Corporation (NASDAQ:LION) opened at 21.57 on Tuesday. The company has a 50 day moving average of $21.54 and a 200 day moving average of $22.15. The firm has a market capitalization of $576.03 million, a P/E ratio of 12.12 and a beta of 1.32. Fidelity Southern Corporation has a 1-year low of $17.36 and a 1-year high of $24.95.

Fidelity Southern Corporation (NASDAQ:LION) last released its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.06. The firm had revenue of $74.60 million for the quarter, compared to analysts’ expectations of $71.32 million. Fidelity Southern Corporation had a net margin of 14.95% and a return on equity of 12.87%. The business’s revenue was up 11.7% on a year-over-year basis. On average, equities research analysts anticipate that Fidelity Southern Corporation will post $1.45 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Tuesday, August 1st were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Friday, July 28th. Fidelity Southern Corporation’s dividend payout ratio is presently 26.97%.

Several equities analysts recently commented on the stock. ValuEngine downgraded shares of Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Stephens restated a “hold” rating and issued a $24.00 price target on shares of Fidelity Southern Corporation in a research note on Friday, June 23rd. Zacks Investment Research downgraded shares of Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub upgraded shares of Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $25.00 price target on shares of Fidelity Southern Corporation in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $25.13.

About Fidelity Southern Corporation

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.

Institutional Ownership by Quarter for Fidelity Southern Corporation (NASDAQ:LION)

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