Fidelity Southern Corporation (LION) Stake Raised by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC raised its position in Fidelity Southern Corporation (NASDAQ:LION) by 6.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,397 shares of the financial services provider’s stock after buying an additional 4,294 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.26% of Fidelity Southern Corporation worth $1,508,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nationwide Fund Advisors raised its position 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 worth $3,004,000 after buying an additional 14,861 shares in the last quarter. Foundry Partners LLC raised its stake in Fidelity Southern Corporation by 13.7% in the first quarter. Foundry Partners LLC now owns 230,975 shares of the financial services provider’s stock valued at $5,169,000 after buying an additional 27,750 shares during the period. Teachers Advisors LLC raised its stake in 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 buying an additional 1,063 shares during the period. Thrivent Financial for Lutherans purchased a new stake in Fidelity Southern Corporation during the fourth quarter valued at $271,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in Fidelity Southern Corporation during the fourth quarter valued at $182,000. 68.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Fidelity Southern Corporation (NASDAQ:LION) opened at 23.69 on Tuesday. Fidelity Southern Corporation has a 12-month low of $16.24 and a 12-month high of $24.95. The firm has a 50-day moving average price of $22.20 and a 200 day moving average price of $22.77. The firm has a market cap of $624.59 million, a price-to-earnings ratio of 13.85 and a beta of 1.33.

Fidelity Southern Corporation (NASDAQ:LION) last posted its quarterly earnings data on Thursday, April 20th. The financial services provider reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.09. Fidelity Southern Corporation had a return on equity of 13.90% and a net margin of 14.60%. The company had revenue of $75 million for the quarter, compared to the consensus estimate of $63.39 million. The business’s quarterly revenue was up 26.7% compared to the same quarter last year. On average, equities research analysts anticipate that Fidelity Southern Corporation will post $1.58 earnings per share for the current fiscal year.

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LION has been the topic of several research reports. Zacks Investment Research lowered Fidelity Southern Corporation from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 23rd. Stephens reissued a “hold” rating on shares of Fidelity Southern Corporation in a report on Friday, April 21st. Finally, ValuEngine lowered Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $23.88.

In other news, insider H Palmer Proctor, Jr. sold 15,000 shares of the business’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $23.09, for a total value of $346,350.00. Following the sale, the insider now owns 79,037 shares of the company’s stock, valued at approximately $1,824,964.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Buchanan sold 5,000 shares of the business’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $22.45, for a total value of $112,250.00. Following the completion of the sale, the insider now directly owns 208,693 shares in the company, valued at approximately $4,685,157.85. The disclosure for this sale can be found here. In the last three months, insiders bought 535 shares of company stock worth $12,002 and sold 29,000 shares worth $668,110. 18.77% of the stock is currently owned by insiders.

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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