Citigroup Inc. increased its position in shares of Fidelity Southern Corporation (NASDAQ:LION) by 26.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,214 shares of the financial services provider’s stock after acquiring an additional 5,058 shares during the period. Citigroup Inc. owned approximately 0.09% of Fidelity Southern Corporation worth $553,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in Fidelity Southern Corporation by 14.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,298,246 shares of the financial services provider’s stock worth $29,055,000 after acquiring an additional 160,607 shares during the period. Vanguard Group Inc. grew its holdings in Fidelity Southern Corporation by 13.0% during the first quarter. Vanguard Group Inc. now owns 1,118,024 shares of the financial services provider’s stock worth $25,021,000 after acquiring an additional 128,613 shares during the period. Wellington Management Group LLP grew its holdings in Fidelity Southern Corporation by 76.3% during the first quarter. Wellington Management Group LLP now owns 1,013,308 shares of the financial services provider’s stock worth $22,677,000 after acquiring an additional 438,518 shares during the period. Prudential Financial Inc. grew its holdings in Fidelity Southern Corporation by 6.4% during the second quarter. Prudential Financial Inc. now owns 393,289 shares of the financial services provider’s stock worth $8,991,000 after acquiring an additional 23,640 shares during the period. Finally, Foundry Partners LLC grew its holdings in Fidelity Southern Corporation by 13.3% during the second quarter. Foundry Partners LLC now owns 261,650 shares of the financial services provider’s stock worth $5,981,000 after acquiring an additional 30,675 shares during the period. 67.89% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity Southern Corporation (NASDAQ LION) opened at 23.73 on Friday. Fidelity Southern Corporation has a 52-week low of $17.36 and a 52-week high of $24.95. The firm has a market cap of $633.71 million, a price-to-earnings ratio of 13.34 and a beta of 1.32. The company has a 50 day moving average price of $22.40 and a 200-day moving average price of $22.18.

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

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In related news, Director David R. Bockel sold 5,700 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $22.05, for a total value of $125,685.00. Following the completion of the sale, the director now owns 29,847 shares in the company, valued at $658,126.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 545 shares of company stock valued at $12,001 in the last quarter. 18.77% of the stock is currently owned by corporate insiders.

A number of research firms recently issued reports on LION. Zacks Investment Research raised Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. BidaskClub raised Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $25.00 target price on shares of Fidelity Southern Corporation in a report on Thursday, July 27th. ValuEngine lowered Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. Finally, Stephens reaffirmed a “hold” rating and set a $24.00 target price on shares of Fidelity Southern Corporation in a report on Friday, June 23rd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Fidelity Southern Corporation presently has a consensus rating of “Hold” and an average target price of $24.50.

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.

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

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