Teachers Retirement System of The State of Kentucky held its stake in Fidelity Southern Corporation (NASDAQ:LION) during the first quarter, Holdings Channel reports. The fund owned 7,700 shares of the financial services provider’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Fidelity Southern Corporation were worth $172,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wellington Management Group LLP raised its stake in Fidelity Southern Corporation by 76.3% in the first quarter. Wellington Management Group LLP now owns 1,013,308 shares of the financial services provider’s stock valued at $22,677,000 after buying an additional 438,518 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Fidelity Southern Corporation by 14.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,298,246 shares of the financial services provider’s stock valued at $29,055,000 after buying an additional 160,607 shares during the last quarter. Vanguard Group Inc. raised its stake in Fidelity Southern Corporation by 13.0% in the first quarter. Vanguard Group Inc. now owns 1,118,024 shares of the financial services provider’s stock valued at $25,021,000 after buying an additional 128,613 shares during the last quarter. State Street Corp raised its stake in Fidelity Southern Corporation by 33.0% in the fourth quarter. State Street Corp now owns 398,583 shares of the financial services provider’s stock valued at $9,431,000 after buying an additional 98,856 shares during the last quarter. Finally, RMB Capital Management LLC raised its stake in Fidelity Southern Corporation by 21.4% in the first quarter. RMB Capital Management LLC now owns 394,680 shares of the financial services provider’s stock valued at $8,833,000 after buying an additional 69,618 shares during the last quarter. Hedge funds and other institutional investors own 67.93% of the company’s stock.

Fidelity Southern Corporation (LION) traded up 0.52% during trading on Monday, hitting $21.37. 7,508 shares of the stock traded hands. The company has a 50-day moving average price of $22.40 and a 200 day moving average price of $22.52. The stock has a market cap of $570.69 million, a PE ratio of 12.01 and a beta of 1.31. Fidelity Southern Corporation has a one year low of $16.24 and a one year high of $24.95.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Tuesday, August 1st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.48 annualized dividend and a yield of 2.26%. Fidelity Southern Corporation’s dividend payout ratio is currently 26.97%.

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LION has been the subject of several recent research reports. Zacks Investment Research lowered shares of Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, April 22nd. Stephens reiterated a “hold” rating and set a $24.00 target price on shares of Fidelity Southern Corporation in a research note on Friday, June 23rd. ValuEngine lowered shares of Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. BidaskClub lowered shares of Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $25.00 target price on shares of Fidelity Southern Corporation in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Fidelity Southern Corporation presently has a consensus rating of “Hold” and an average target price of $25.13.

In other Fidelity Southern Corporation news, insider David Buchanan sold 5,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $23.67, for a total transaction of $118,350.00. Following the completion of the transaction, the insider now directly owns 213,693 shares in the company, valued at $5,058,113.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider H Palmer Proctor, Jr. sold 15,000 shares of the firm’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $23.09, for a total value of $346,350.00. Following the completion of the sale, the insider now owns 79,037 shares of the company’s stock, valued at $1,824,964.33. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 547 shares of company stock valued at $12,001 and have sold 25,000 shares valued at $576,950. Corporate insiders own 18.77% of the company’s stock.

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

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