Fidelity Southern Co. (LION) Shares Sold by Nationwide Fund Advisors

Nationwide Fund Advisors lessened its holdings in Fidelity Southern Co. (NASDAQ:LION) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 113,315 shares of the financial services provider’s stock after selling 2,700 shares during the period. Nationwide Fund Advisors owned approximately 0.42% of Fidelity Southern worth $2,679,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. boosted its stake in shares of Fidelity Southern by 55.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 183,764 shares of the financial services provider’s stock worth $4,201,000 after buying an additional 65,544 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Fidelity Southern by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,167,050 shares of the financial services provider’s stock worth $26,679,000 after buying an additional 49,026 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Fidelity Southern by 4.6% in the 2nd quarter. Gamco Investors INC. ET AL now owns 45,514 shares of the financial services provider’s stock worth $1,040,000 after buying an additional 2,000 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Fidelity Southern by 6.4% in the 2nd quarter. Prudential Financial Inc. now owns 393,289 shares of the financial services provider’s stock worth $8,991,000 after buying an additional 23,640 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Fidelity Southern by 102.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 88,370 shares of the financial services provider’s stock worth $2,020,000 after buying an additional 44,644 shares during the last quarter. Hedge funds and other institutional investors own 69.40% of the company’s stock.

In related news, insider David Buchanan sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $20.75, for a total value of $83,000.00. Following the transaction, the insider now owns 254,693 shares in the company, valued at $5,284,879.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jason Walsh sold 113,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $0.52, for a total value of $58,760.00. In the last quarter, insiders purchased 22,535 shares of company stock worth $25,773 and sold 204,747 shares worth $1,458,035. 18.77% of the stock is currently owned by corporate insiders.

Fidelity Southern Co. (LION) opened at $21.86 on Wednesday. Fidelity Southern Co. has a 12 month low of $20.08 and a 12 month high of $24.95. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $590.08, a P/E ratio of 13.74 and a beta of 1.31.

Fidelity Southern (NASDAQ:LION) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.06). Fidelity Southern had a net margin of 13.78% and a return on equity of 11.30%. The firm had revenue of $67.03 million during the quarter, compared to analysts’ expectations of $71.20 million. equities analysts expect that Fidelity Southern Co. will post 1.37 EPS for the current year.

Separately, Zacks Investment Research upgraded Fidelity Southern from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.50.

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

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