Ameriprise Financial Inc. raised its position in Fidelity Southern Corporation (NASDAQ:LION) by 12.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,220 shares of the financial services provider’s stock after buying an additional 13,050 shares during the period. Ameriprise Financial Inc. owned 0.45% of Fidelity Southern Corporation worth $2,646,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Fidelity Southern Corporation during the fourth quarter worth approximately $182,000. New York State Teachers Retirement System acquired a new stake in shares of Fidelity Southern Corporation during the fourth quarter worth approximately $192,000. A.R.T. Advisors LLC acquired a new stake in shares of Fidelity Southern Corporation during the fourth quarter worth approximately $213,000. Thrivent Financial for Lutherans acquired a new stake in shares of Fidelity Southern Corporation during the fourth quarter worth approximately $271,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Fidelity Southern Corporation during the fourth quarter worth approximately $276,000. Hedge funds and other institutional investors own 68.80% of the company’s stock.

Shares of Fidelity Southern Corporation (NASDAQ:LION) traded up 3.06% on Friday, hitting $21.89. The company had a trading volume of 111,533 shares. The firm has a market capitalization of $578.62 million, a P/E ratio of 12.30 and a beta of 1.31. 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 of $22.74 and a 200-day moving average of $22.60.

Fidelity Southern Corporation (NASDAQ:LION) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.39 by $0.06. Fidelity Southern Corporation had a net margin of 14.95% and a return on equity of 12.87%. The company had revenue of $74.60 million for the quarter, compared to analyst estimates of $71.32 million. Fidelity Southern Corporation’s revenue was up 11.7% compared to the same quarter last year. On average, equities analysts predict that Fidelity Southern Corporation will post $1.45 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Tuesday, August 1st will be given a dividend of $0.12 per share. The ex-dividend date is Friday, July 28th. This represents a $0.48 annualized dividend and a yield of 2.19%. Fidelity Southern Corporation’s dividend payout ratio (DPR) is presently 26.97%.

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A number of equities research analysts have commented on the company. BidaskClub lowered Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research report on Monday. ValuEngine lowered Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research lowered Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Stephens reiterated a “hold” rating on shares of Fidelity Southern Corporation in a report on Friday, April 21st. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $25.00 price target on shares of Fidelity Southern Corporation in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $25.13.

In other news, insider David Buchanan sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was 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 directly owns 213,693 shares of the company’s stock, valued at $5,058,113.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider H Palmer Proctor, Jr. sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $23.09, for a total value 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 $1,824,964.33. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock valued at $576,950 over the last three months. Insiders own 18.77% of the company’s stock.

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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