Virginia Retirement Systems ET AL Continues to Hold Holdings in Fidelity Southern Corporation (LION)

Virginia Retirement Systems ET AL maintained its position in Fidelity Southern Corporation (NASDAQ:LION) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,100 shares of the financial services provider’s stock at the close of the 2nd quarter. Virginia Retirement Systems ET AL owned 0.08% of Fidelity Southern Corporation worth $459,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LION. Teachers Advisors LLC grew its stake 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 buying an additional 1,063 shares in the last quarter. Nationwide Fund Advisors grew its stake in Fidelity Southern Corporation by 12.5% in the 1st quarter. Nationwide Fund Advisors now owns 134,215 shares of the financial services provider’s stock valued at $3,004,000 after buying an additional 14,861 shares in the last quarter. Russell Investments Group Ltd. grew its stake 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 buying an additional 7,500 shares in the last quarter. Great West Life Assurance Co. Can grew its stake 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 buying an additional 2,303 shares in the last quarter. Finally, Comerica Bank grew its stake 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 buying an additional 915 shares in the last quarter. 68.15% of the stock is currently owned by institutional investors.

A number of research analysts have recently commented on LION shares. Stephens restated a “hold” rating and set a $24.00 price target on shares of Fidelity Southern Corporation in a research report on Friday, June 23rd. ValuEngine lowered shares of Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research lowered shares of Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Keefe, Bruyette & Woods restated a “buy” rating and set a $25.00 price target on shares of Fidelity Southern Corporation in a research report on Thursday, July 27th. Finally, BidaskClub lowered shares of Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $25.13.

In related news, insider David Buchanan sold 5,000 shares of Fidelity Southern Corporation stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $22.45, for a total transaction of $112,250.00. Following the completion of the transaction, the insider now directly owns 208,693 shares of the company’s stock, valued at approximately $4,685,157.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider H Palmer Proctor, Jr. sold 15,000 shares of Fidelity Southern Corporation stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $23.09, for a total transaction of $346,350.00. Following the sale, the insider now owns 79,037 shares of the company’s stock, valued at approximately $1,824,964.33. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 548 shares of company stock valued at $12,016. 18.77% of the stock is owned by corporate insiders.

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Shares of Fidelity Southern Corporation (NASDAQ LION) opened at 21.94 on Friday. The company has a market capitalization of $585.91 million, a P/E ratio of 12.33 and a beta of 1.32. Fidelity Southern Corporation has a 1-year low of $17.36 and a 1-year high of $24.95. The firm has a 50-day moving average of $21.55 and a 200 day moving average of $22.11.

Fidelity Southern Corporation (NASDAQ:LION) last released its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.33 EPS 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 firm had revenue of $74.60 million for the quarter, compared to analysts’ expectations of $71.32 million. The firm’s revenue was up 11.7% on a year-over-year basis. On average, analysts anticipate that Fidelity Southern Corporation will post $1.45 EPS for the current year.

Fidelity Southern Corporation 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.

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

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