Pinebridge Investments L.P. Sells 70 Shares of Fidelity Southern Corporation (LION)
Pinebridge Investments L.P. reduced its position in shares of Fidelity Southern Corporation (NASDAQ:LION) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,237 shares of the financial services provider’s stock after selling 70 shares during the quarter. Pinebridge Investments L.P. owned 0.05% of Fidelity Southern Corporation worth $325,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Mason Street Advisors LLC grew its position in shares of Fidelity Southern Corporation by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 4,951 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 324 shares during the period. First Quadrant L P CA purchased a new stake in shares of Fidelity Southern Corporation in the 2nd quarter worth $124,000. BNP Paribas Arbitrage SA raised its holdings in Fidelity Southern Corporation by 60.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,440 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 2,432 shares during the period. OppenheimerFunds Inc. bought a new position in Fidelity Southern Corporation in the 1st quarter worth $226,000. Finally, Schroder Investment Management Group raised its holdings in Fidelity Southern Corporation by 32.0% in the 1st quarter. Schroder Investment Management Group now owns 10,414 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 2,526 shares during the period. Institutional investors and hedge funds own 67.89% of the company’s stock.
In related news, Director David R. Bockel sold 5,700 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $22.05, for a total transaction of $125,685.00. Following the sale, the director now directly owns 29,847 shares of the company’s stock, valued at $658,126.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have purchased 548 shares of company stock worth $12,016. 18.77% of the stock is owned by corporate insiders.
Several research firms recently weighed in on LION. ValuEngine downgraded Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Stephens reissued a “hold” rating and set a $24.00 price target on shares of Fidelity Southern Corporation in a report on Friday, June 23rd. Zacks Investment Research cut Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. BidaskClub upgraded Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $25.00 price target on shares of Fidelity Southern Corporation in a research report on Thursday, July 27th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Fidelity Southern Corporation presently has a consensus rating of “Hold” and a consensus target price of $25.13.
Fidelity Southern Corporation (LION) opened at 23.48 on Wednesday. The firm’s 50-day moving average is $21.98 and its 200 day moving average is $22.07. The stock has a market cap of $627.03 million, a P/E ratio of 13.20 and a beta of 1.32. Fidelity Southern Corporation has a one year low of $17.36 and a one year high of $24.95.
Fidelity Southern Corporation (NASDAQ:LION) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $71.32 million. Fidelity Southern Corporation’s revenue was up 11.7% on a year-over-year basis. On average, analysts anticipate that Fidelity Southern Corporation will post $1.45 EPS for the current fiscal year.
Fidelity Southern Corporation Company Profile
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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