JPMorgan Chase & Co. reduced its holdings in Fidelity Southern Corporation (NASDAQ:LION) by 45.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 414,458 shares of the financial services provider’s stock after selling 339,726 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.57% of Fidelity Southern Corporation worth $9,474,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in LION. Teachers Advisors LLC increased its position in Fidelity Southern Corporation by 3.2% in the 4th quarter. Teachers Advisors LLC now owns 34,333 shares of the financial services provider’s stock valued at $813,000 after acquiring an additional 1,063 shares during the period. Russell Investments Group Ltd. increased its position in Fidelity Southern Corporation by 64.5% in the 1st quarter. Russell Investments Group Ltd. now owns 19,130 shares of the financial services provider’s stock valued at $428,000 after acquiring an additional 7,500 shares during the period. Great West Life Assurance Co. Can increased its position in Fidelity Southern Corporation by 9.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 27,936 shares of the financial services provider’s stock valued at $625,000 after acquiring an additional 2,303 shares during the period. Comerica Bank increased its position in Fidelity Southern Corporation by 4.1% in the 1st quarter. Comerica Bank now owns 23,353 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 915 shares during the period. Finally, Texas Permanent School Fund increased its position in Fidelity Southern Corporation by 20.3% in the 1st quarter. Texas Permanent School Fund now owns 15,329 shares of the financial services provider’s stock valued at $343,000 after acquiring an additional 2,586 shares during the period. Hedge funds and other institutional investors own 67.89% of the company’s stock.

Shares of Fidelity Southern Corporation (NASDAQ LION) opened at 23.64 on Friday. Fidelity Southern Corporation has a 52-week low of $17.36 and a 52-week high of $24.95. The stock’s 50 day moving average is $21.60 and its 200 day moving average is $22.06. The firm has a market capitalization of $631.31 million, a PE ratio of 13.29 and a beta of 1.32.

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). The business had revenue of $74.60 million during the quarter, compared to the consensus estimate of $71.32 million. Fidelity Southern Corporation had a return on equity of 12.87% and a net margin of 14.95%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities research analysts forecast that Fidelity Southern Corporation will post $1.45 EPS for the current year.

Several equities analysts have issued reports on the stock. ValuEngine cut 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 issued a $24.00 price target on shares of Fidelity Southern Corporation in a research report on Friday, June 23rd. Zacks Investment Research cut 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 issued a $25.00 price target on shares of Fidelity Southern Corporation in a research report on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Fidelity Southern Corporation currently has a consensus rating of “Hold” and a consensus target price of $25.13.

In other news, Director David R. Bockel sold 5,700 shares of the business’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 value of $125,685.00. Following the completion of the sale, the director now directly owns 29,847 shares in the company, valued at approximately $658,126.35. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders bought 548 shares of company stock valued at $12,016. Company insiders own 18.77% of the company’s stock.

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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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