AQR Capital Management LLC decreased its position in shares of Fidelity Southern Corporation (NASDAQ:LION) by 2.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,203 shares of the financial services provider’s stock after selling 3,129 shares during the period. AQR Capital Management LLC owned 0.44% of Fidelity Southern Corporation worth $2,600,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Mason Street Advisors LLC raised its stake in Fidelity Southern Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,951 shares of the financial services provider’s stock worth $111,000 after buying an additional 324 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Fidelity Southern Corporation during the fourth quarter worth about $182,000. New York State Teachers Retirement System acquired a new stake in shares of Fidelity Southern Corporation during the fourth quarter worth about $192,000. OppenheimerFunds Inc. acquired a new stake in shares of Fidelity Southern Corporation during the first quarter worth about $226,000. Finally, Schroder Investment Management Group raised its stake in shares of Fidelity Southern Corporation by 32.0% in the first quarter. Schroder Investment Management Group now owns 10,414 shares of the financial services provider’s stock worth $232,000 after buying an additional 2,526 shares during the last quarter. 69.00% of the stock is currently owned by institutional investors and hedge funds.
Shares of Fidelity Southern Corporation (LION) opened at 21.26 on Friday. The stock has a market capitalization of $567.75 million, a P/E ratio of 11.95 and a beta of 1.31. Fidelity Southern Corporation has a one year low of $16.24 and a one year high of $24.95. The company’s 50 day moving average price is $22.40 and its 200 day moving average price is $22.52.
Fidelity Southern Corporation (NASDAQ:LION) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.33 earnings per share for the quarter, missing the 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%. Fidelity Southern Corporation’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts expect that Fidelity Southern Corporation will post $1.45 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Tuesday, August 1st will be given a dividend of $0.12 per share. The ex-dividend date is Friday, July 28th. This represents a $0.48 dividend on an annualized basis and a yield of 2.26%. Fidelity Southern Corporation’s dividend payout ratio (DPR) is currently 26.97%.
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LION has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $25.00 price target on shares of Fidelity Southern Corporation in a research note on Thursday, July 27th. Stephens reissued a “hold” rating and issued a $24.00 price target on shares of Fidelity Southern Corporation in a research note on Friday, June 23rd. Zacks Investment Research lowered Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, April 22nd. BidaskClub raised Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, ValuEngine lowered Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.13.
In other news, insider H Palmer Proctor, Jr. sold 15,000 shares of the company’s 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 transaction, the insider now owns 79,037 shares in the company, valued at $1,824,964.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Buchanan sold 5,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $23.67, for a total transaction of $118,350.00. Following the transaction, the insider now owns 213,693 shares in the company, valued at approximately $5,058,113.31. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 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.
Fidelity Southern Corporation Company 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.
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