Salem Investment Counselors Inc. purchased a new position in Fidelity Southern Co. (NASDAQ:LION) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 23,345 shares of the financial services provider’s stock, valued at approximately $593,000. Salem Investment Counselors Inc. owned 0.09% of Fidelity Southern as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Truewealth LLC acquired a new position in shares of Fidelity Southern during the 2nd quarter valued at $435,000. Pinebridge Investments L.P. lifted its position in shares of Fidelity Southern by 21.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 97,817 shares of the financial services provider’s stock valued at $2,486,000 after acquiring an additional 17,326 shares during the period. Principal Financial Group Inc. lifted its position in shares of Fidelity Southern by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 169,488 shares of the financial services provider’s stock valued at $3,910,000 after acquiring an additional 3,743 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Fidelity Southern by 6.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,680,359 shares of the financial services provider’s stock valued at $38,766,000 after acquiring an additional 105,499 shares during the period. Finally, Millennium Management LLC acquired a new position in shares of Fidelity Southern during the 1st quarter valued at $1,264,000. Hedge funds and other institutional investors own 69.17% of the company’s stock.

A number of research analysts recently issued reports on LION shares. BidaskClub downgraded shares of Fidelity Southern from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Stephens reiterated a “hold” rating and set a $25.00 target price on shares of Fidelity Southern in a research report on Tuesday, August 21st. Zacks Investment Research downgraded shares of Fidelity Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. Finally, ValuEngine downgraded shares of Fidelity Southern from a “buy” rating to a “hold” rating in a research report on Tuesday, June 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Fidelity Southern presently has a consensus rating of “Hold” and an average price target of $27.00.

Fidelity Southern stock opened at $25.01 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 1.01. Fidelity Southern Co. has a 12-month low of $20.28 and a 12-month high of $27.05. The firm has a market cap of $685.26 million, a P/E ratio of 19.09 and a beta of 0.93.

Fidelity Southern (NASDAQ:LION) last announced its quarterly earnings results on Thursday, July 19th. The financial services provider reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.10). The business had revenue of $73.45 million for the quarter, compared to the consensus estimate of $70.50 million. Fidelity Southern had a net margin of 13.68% and a return on equity of 9.04%. equities research analysts expect that Fidelity Southern Co. will post 1.44 EPS for the current fiscal year.

Fidelity Southern Company Profile

Fidelity Southern Corporation operates as the holding company for Fidelity Bank that provides financial products and services primarily for individuals, and small and medium-sized businesses in the United States. The company accepts noninterest-bearing demand and interest-bearing demand accounts, including money market accounts and savings deposits; and time deposits.

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

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