Prudential Financial Inc. raised its position in Fidelity Southern Corp. (NASDAQ:LION) by 13.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 360,059 shares of the financial services provider’s stock after buying an additional 43,000 shares during the period. Prudential Financial Inc. owned approximately 1.41% of Fidelity Southern Corp. worth $5,642,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. InterOcean Capital LLC raised its position in shares of Fidelity Southern Corp. by 10.5% in the second quarter. InterOcean Capital LLC now owns 17,200 shares of the financial services provider’s stock worth $270,000 after buying an additional 1,634 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Fidelity Southern Corp. during the second quarter valued at $297,000. Madden Advisory Services Inc. purchased a new stake in Fidelity Southern Corp. during the second quarter valued at $311,000. Emerald Acquisition Ltd. purchased a new stake in Fidelity Southern Corp. during the second quarter valued at $312,000. Finally, First Trust Advisors LP raised its stake in Fidelity Southern Corp. by 7.3% in the second quarter. First Trust Advisors LP now owns 35,408 shares of the financial services provider’s stock valued at $555,000 after buying an additional 2,414 shares during the period. 59.46% of the stock is currently owned by hedge funds and other institutional investors.
Fidelity Southern Corp. (NASDAQ:LION) traded down 2.253% during mid-day trading on Thursday, hitting $18.435. The company had a trading volume of 891 shares. The company has a market cap of $479.96 million, a PE ratio of 16.928 and a beta of 0.91. The company’s 50 day moving average price is $18.09 and its 200-day moving average price is $16.79. Fidelity Southern Corp. has a one year low of $14.01 and a one year high of $23.05.
Fidelity Southern Corp. (NASDAQ:LION) last announced its earnings results on Thursday, July 21st. The financial services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.45 by $0.19. Fidelity Southern Corp. had a net margin of 10.97% and a return on equity of 12.41%. Equities research analysts anticipate that Fidelity Southern Corp. will post $1.63 EPS for the current fiscal year.
LION has been the topic of several research reports. Zacks Investment Research raised Fidelity Southern Corp. from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Tuesday, July 26th. Keefe, Bruyette & Woods raised Fidelity Southern Corp. from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a report on Friday, July 22nd. Finally, FBR & Co reissued a “hold” rating and issued a $18.00 target price on shares of Fidelity Southern Corp. in a report on Friday, July 22nd.
In other Fidelity Southern Corp. news, Director Rankin M. Smith, Jr. sold 27,571 shares of Fidelity Southern Corp. stock in a transaction on Monday, August 8th. The stock was sold at an average price of $17.34, for a total transaction of $478,081.14. Following the sale, the director now owns 266,330 shares of the company’s stock, valued at approximately $4,618,162.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rankin M. Smith, Jr. sold 52,078 shares of Fidelity Southern Corp. stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $17.46, for a total value of $909,281.88. Following the sale, the director now directly owns 238,330 shares in the company, valued at approximately $4,161,241.80. The disclosure for this sale can be found here. Company insiders own 19.93% of the company’s stock.
About Fidelity Southern Corp.
Fidelity Southern Corporation is a bank holding company. The Company operates in the community banking segment. It conducts its operations through its subsidiary bank, Fidelity Bank (the Bank). The Bank provides various financial products and services for retail customers and small to medium-sized businesses, primarily in Atlanta and Jacksonville, Orlando and Sarasota-Bradenton, Florida markets.
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