Dynamic Technology Lab Private Ltd bought a new stake in Fidelity Southern Corporation (NASDAQ:LION) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,425 shares of the financial services provider’s stock, valued at approximately $239,000.
A number of other institutional investors have also recently bought and sold shares of the business. Sterling Capital Management LLC grew its holdings in Fidelity Southern Corporation by 7.3% in the second quarter. Sterling Capital Management LLC now owns 43,523 shares of the financial services provider’s stock valued at $995,000 after purchasing an additional 2,952 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Fidelity Southern Corporation by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 18,173 shares of the financial services provider’s stock valued at $416,000 after purchasing an additional 1,222 shares during the last quarter. State Street Corp grew its holdings in Fidelity Southern Corporation by 4.5% in the second quarter. State Street Corp now owns 460,743 shares of the financial services provider’s stock valued at $10,536,000 after purchasing an additional 19,985 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Fidelity Southern Corporation by 102.1% in the second quarter. Goldman Sachs Group Inc. now owns 88,370 shares of the financial services provider’s stock valued at $2,020,000 after purchasing an additional 44,644 shares during the last quarter. Finally, QS Investors LLC acquired a new stake in Fidelity Southern Corporation in the second quarter valued at $258,000. 68.28% of the stock is currently owned by institutional investors.
In related news, Director David R. Bockel sold 5,700 shares of Fidelity Southern Corporation stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $22.05, for a total value of $125,685.00. Following the transaction, the director now directly owns 29,847 shares in the company, valued at approximately $658,126.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 545 shares of company stock worth $12,001 over the last 90 days. Insiders own 18.77% of the company’s stock.
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Shares of Fidelity Southern Corporation (LION) opened at 21.93 on Wednesday. Fidelity Southern Corporation has a 12 month low of $19.55 and a 12 month high of $24.95. The stock has a 50 day moving average price of $22.73 and a 200 day moving average price of $22.28. The stock has a market capitalization of $585.64 million, a P/E ratio of 12.33 and a beta of 1.32.
Fidelity Southern Corporation (NASDAQ:LION) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.06). The company had revenue of $67.03 million during the quarter, compared to analyst estimates of $71.20 million. Fidelity Southern Corporation had a return on equity of 11.30% and a net margin of 13.78%. On average, analysts anticipate that Fidelity Southern Corporation will post $1.33 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Wednesday, November 1st will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Tuesday, October 31st. Fidelity Southern Corporation’s payout ratio is 30.00%.
LION has been the topic of several research reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $25.00 target price on shares of Fidelity Southern Corporation in a report on Thursday, July 27th. Zacks Investment Research lowered Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. BidaskClub raised Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, ValuEngine downgraded Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $24.50.
Fidelity Southern Corporation Profile
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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