Schroder Investment Management Group lowered its stake in Fidelity Southern Corp. (NASDAQ:LION) by 24.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,482 shares of the financial services provider’s stock after selling 3,813 shares during the period. Schroder Investment Management Group’s holdings in Fidelity Southern Corp. were worth $180,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. InterOcean Capital LLC raised its position in 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 valued at $270,000 after buying an additional 1,634 shares during the last quarter. GSA Capital Partners LLP bought a new position in Fidelity Southern Corp. during the second quarter valued at about $297,000. Emerald Acquisition Ltd. bought a new position in Fidelity Southern Corp. during the second quarter valued at about $312,000. First Trust Advisors LP raised its position 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 last quarter. Finally, AXA bought a new position in Fidelity Southern Corp. during the first quarter valued at about $578,000. Institutional investors own 59.46% of the company’s stock.
Fidelity Southern Corp. (NASDAQ:LION) traded down 1.04% during trading on Thursday, hitting $18.13. The stock had a trading volume of 10,504 shares. The firm has a market capitalization of $472.01 million, a P/E ratio of 16.65 and a beta of 0.87. The stock has a 50 day moving average of $17.77 and a 200 day moving average of $16.61. 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 posted its earnings results on Thursday, July 21st. The financial services provider reported $0.26 EPS 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 expect that Fidelity Southern Corp. will post $1.63 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the company. FBR & Co restated a “hold” rating and set a $18.00 target price on shares of Fidelity Southern Corp. in a research report on Friday, July 22nd. Keefe, Bruyette & Woods upgraded Fidelity Southern Corp. from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research report on Friday, July 22nd. Finally, Zacks Investment Research upgraded Fidelity Southern Corp. from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Tuesday, July 26th.
In other Fidelity Southern Corp. news, Director Rankin M. Smith, Jr. sold 52,078 shares of the stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $17.46, for a total value of $909,281.88. Following the completion of the transaction, the director now directly owns 238,330 shares in the company, valued at $4,161,241.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rankin M. Smith, Jr. sold 27,571 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $17.34, for a total value of $478,081.14. Following the completion of the transaction, the director now owns 266,330 shares of the company’s stock, valued at $4,618,162.20. The disclosure for this sale can be found here. 19.93% of the stock is owned by company insiders.
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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