Parametric Portfolio Associates LLC grew its stake in shares of Fidelity Southern Corporation (NASDAQ:LION) by 17.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,093 shares of the financial services provider’s stock after purchasing an additional 11,696 shares during the period. Parametric Portfolio Associates LLC owned about 0.30% of Fidelity Southern Corporation worth $1,808,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its holdings in shares of Fidelity Southern Corporation by 55.4% during the second quarter. Ameriprise Financial Inc. now owns 183,764 shares of the financial services provider’s stock valued at $4,201,000 after purchasing an additional 65,544 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Fidelity Southern Corporation by 4.6% during the second quarter. Gamco Investors INC. ET AL now owns 45,514 shares of the financial services provider’s stock valued at $1,040,000 after purchasing an additional 2,000 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of 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 valued at $8,991,000 after purchasing an additional 23,640 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Fidelity Southern Corporation by 26.4% during the second quarter. Citigroup Inc. now owns 24,214 shares of the financial services provider’s stock valued at $553,000 after purchasing an additional 5,058 shares during the last quarter. Finally, Cutler Capital Management LLC lifted its holdings in shares of Fidelity Southern Corporation by 3.3% during the second quarter. Cutler Capital Management LLC now owns 186,694 shares of the financial services provider’s stock valued at $4,268,000 after purchasing an additional 6,000 shares during the last quarter. 68.04% of the stock is owned by institutional investors and hedge funds.

Shares of Fidelity Southern Corporation (LION) opened at $20.61 on Friday. Fidelity Southern Corporation has a fifty-two week low of $20.08 and a fifty-two week high of $24.95. The company has a market capitalization of $552.78, a price-to-earnings ratio of 12.88 and a beta of 1.34. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Wednesday, November 1st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.33%. The ex-dividend date is Tuesday, October 31st. Fidelity Southern Corporation’s dividend payout ratio is currently 30.00%.

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In related news, Director David R. Bockel sold 5,700 shares of the 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 directly owns 29,847 shares of the company’s stock, valued at approximately $658,126.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders purchased 538 shares of company stock valued at $11,986. Company insiders own 18.77% of the company’s stock.

Several equities research analysts have recently commented on LION shares. 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. Zacks Investment Research raised Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, BidaskClub raised Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target 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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