Geode Capital Management LLC increased its stake in Fidelity Southern Corporation (NASDAQ:LION) by 6.3% during the first quarter, Holdings Channel reports. The institutional investor owned 254,949 shares of the financial services provider’s stock after buying an additional 15,160 shares during the period. Geode Capital Management LLC’s holdings in Fidelity Southern Corporation were worth $5,705,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in LION. 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 in the last quarter. Thrivent Financial For Lutherans raised its position in shares of Fidelity Southern Corporation by 4.4% in the first quarter. Thrivent Financial For Lutherans now owns 11,930 shares of the financial services provider’s stock worth $267,000 after buying an additional 500 shares during the period. Legal & General Group Plc raised its position in shares of Fidelity Southern Corporation by 2.3% in the first quarter. Legal & General Group Plc now owns 35,543 shares of the financial services provider’s stock worth $795,000 after buying an additional 785 shares during the period. Royce & Associates LP raised its position in shares of Fidelity Southern Corporation by 2.5% in the first quarter. Royce & Associates LP now owns 254,499 shares of the financial services provider’s stock worth $5,696,000 after buying an additional 6,138 shares during the period. Finally, Teachers Advisors LLC raised its position in shares of Fidelity Southern Corporation by 3.0% in the first quarter. Teachers Advisors LLC now owns 35,372 shares of the financial services provider’s stock worth $792,000 after buying an additional 1,039 shares during the period. Institutional investors and hedge funds own 69.00% of the company’s stock.

Shares of Fidelity Southern Corporation (NASDAQ:LION) traded down 2.307% on Friday, hitting $21.131. The stock had a trading volume of 6,690 shares. The stock has a market cap of $558.56 million, a P/E ratio of 11.878 and a beta of 1.31. The firm has a 50 day moving average of $22.44 and a 200 day moving average of $22.54. Fidelity Southern Corporation has a 12 month low of $16.24 and a 12 month high of $24.95.

Fidelity Southern Corporation (NASDAQ:LION) last announced its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.33 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $74.60 million for the quarter, compared to analyst estimates of $71.32 million. The firm’s revenue was up 11.7% compared to the same quarter last year. On average, equities analysts forecast that Fidelity Southern Corporation will post $1.45 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Tuesday, August 1st will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Friday, July 28th. Fidelity Southern Corporation’s dividend payout ratio is presently 26.97%.

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A number of research analysts have recently issued reports on the company. BidaskClub lowered Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. ValuEngine lowered Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research lowered Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Stephens reiterated a “hold” rating on shares of Fidelity Southern Corporation in a research report on Friday, April 21st. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $25.00 target price on shares of Fidelity Southern Corporation in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.13.

In related news, insider David Buchanan sold 5,000 shares of the company’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $22.45, for a total transaction of $112,250.00. Following the transaction, the insider now owns 208,693 shares of the company’s stock, valued at $4,685,157.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider H Palmer Proctor, Jr. sold 15,000 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $23.09, for a total value of $346,350.00. Following the transaction, the insider now directly owns 79,037 shares in the company, valued at approximately $1,824,964.33. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 547 shares of company stock worth $12,001 and have sold 25,000 shares worth $576,950. Corporate insiders own 18.77% of the company’s stock.

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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