EJF Capital LLC decreased its position in Fidelity Southern Corporation (NASDAQ:LION) by 7.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 279,147 shares of the financial services provider’s stock after selling 20,853 shares during the period. EJF Capital LLC owned about 1.06% of Fidelity Southern Corporation worth $6,247,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in shares of Fidelity Southern Corporation during the fourth quarter worth approximately $276,000. State Board of Administration of Florida Retirement System bought a new stake in shares of Fidelity Southern Corporation during the fourth quarter worth approximately $1,388,000. Comerica Bank bought a new stake in shares of Fidelity Southern Corporation during the fourth quarter worth approximately $524,000. State Street Corp raised its stake in shares of Fidelity Southern Corporation by 33.0% in the fourth quarter. State Street Corp now owns 398,583 shares of the financial services provider’s stock worth $9,431,000 after buying an additional 98,856 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Fidelity Southern Corporation by 10.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,137,639 shares of the financial services provider’s stock worth $26,928,000 after buying an additional 108,355 shares in the last quarter. 68.75% of the stock is owned by hedge funds and other institutional investors.
Fidelity Southern Corporation (LION) traded down 0.69% during trading on Tuesday, hitting $22.99. The stock had a trading volume of 97,715 shares. The stock’s 50-day moving average price is $22.16 and its 200-day moving average price is $22.79. The company has a market capitalization of $606.13 million, a P/E ratio of 13.44 and a beta of 1.31. Fidelity Southern Corporation has a 1-year low of $14.45 and a 1-year high of $24.95.
Fidelity Southern Corporation (NASDAQ:LION) last posted its earnings results on Thursday, April 20th. The financial services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.09. Fidelity Southern Corporation had a net margin of 14.60% and a return on equity of 13.90%. The business had revenue of $75 million during the quarter, compared to the consensus estimate of $63.39 million. The company’s revenue for the quarter was up 26.7% on a year-over-year basis. Analysts expect that Fidelity Southern Corporation will post $1.58 earnings per share for the current year.
A number of analysts have commented on LION shares. Zacks Investment Research lowered Fidelity Southern Corporation from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 23rd. Stephens reaffirmed a “hold” rating on shares of Fidelity Southern Corporation in a report on Friday, April 21st.
In other Fidelity Southern Corporation news, insider David Buchanan sold 5,000 shares of Fidelity Southern Corporation stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $23.67, for a total value of $118,350.00. Following the completion of the sale, the insider now owns 213,693 shares of the company’s stock, valued at approximately $5,058,113.31. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider H Palmer Proctor, Jr. sold 15,000 shares of Fidelity Southern Corporation 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 sale, the insider now directly owns 79,037 shares of the company’s stock, valued at approximately $1,824,964.33. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 543 shares of company stock valued at $11,988 and sold 24,000 shares valued at $555,860. Insiders own 18.77% of the company’s stock.
Fidelity Southern Corporation Company 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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