Rhumbline Advisers raised its position in Fidelity Southern Corporation (NASDAQ:LION) by 3.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,113 shares of the financial services provider’s stock after acquiring an additional 1,310 shares during the quarter. Rhumbline Advisers owned approximately 0.16% of Fidelity Southern Corporation worth $940,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its stake in Fidelity Southern Corporation by 12.4% in the first quarter. Ameriprise Financial Inc. now owns 118,220 shares of the financial services provider’s stock worth $2,646,000 after acquiring an additional 13,050 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Fidelity Southern Corporation by 9.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 27,936 shares of the financial services provider’s stock worth $625,000 after buying an additional 2,303 shares during the last quarter. State of Tennessee Treasury Department lifted its position in shares of Fidelity Southern Corporation by 17.8% during the 1st quarter. State of Tennessee Treasury Department now owns 19,804 shares of the financial services provider’s stock worth $443,000 after buying an additional 2,989 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Fidelity Southern Corporation by 6.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 67,397 shares of the financial services provider’s stock worth $1,508,000 after buying an additional 4,294 shares during the last quarter. Finally, Nationwide Fund Advisors lifted its position in shares of Fidelity Southern Corporation by 12.5% during the 1st quarter. Nationwide Fund Advisors now owns 134,215 shares of the financial services provider’s stock worth $3,004,000 after buying an additional 14,861 shares during the last quarter. Institutional investors own 67.89% of the company’s stock.

Several brokerages have recently weighed in on LION. ValuEngine downgraded shares of Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Stephens restated a “hold” rating and set a $24.00 price objective on shares of Fidelity Southern Corporation in a research report on Friday, June 23rd. Zacks Investment Research downgraded shares of Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. BidaskClub upgraded shares of 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 set a $25.00 price objective on shares of Fidelity Southern Corporation in a research report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $25.13.

In other news, Director David R. Bockel sold 5,700 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $22.05, for a total transaction of $125,685.00. Following the completion of the sale, the director now owns 29,847 shares of the company’s stock, valued at $658,126.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought 548 shares of company stock valued at $12,016 in the last three months. Corporate insiders own 18.77% of the company’s stock.

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Shares of Fidelity Southern Corporation (LION) opened at 22.51 on Tuesday. Fidelity Southern Corporation has a 12 month low of $17.36 and a 12 month high of $24.95. The stock has a market cap of $601.13 million, a P/E ratio of 12.65 and a beta of 1.32. The stock’s 50 day moving average is $21.60 and its 200 day moving average is $22.06.

Fidelity Southern Corporation (NASDAQ:LION) last released its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates 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. Fidelity Southern Corporation’s quarterly revenue was up 11.7% compared to the same quarter last year. Analysts predict that Fidelity Southern Corporation will post $1.45 earnings per share for the current fiscal year.

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.

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

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