Rafferty Asset Management LLC acquired a new position in Fidelity Southern Co. (NASDAQ:LION) during the first quarter, according to its most recent filing with the SEC. The firm acquired 37,361 shares of the financial services provider’s stock, valued at approximately $836,000.

Several other hedge funds have also added to or reduced their stakes in LION. Public Sector Pension Investment Board purchased a new stake in shares of Fidelity Southern during the fourth quarter worth about $343,000. New York State Teachers Retirement System bought a new position in Fidelity Southern during the fourth quarter valued at about $192,000. Allianz Asset Management AG increased its position in Fidelity Southern by 9.7% in the fourth quarter. Allianz Asset Management AG now owns 713,727 shares of the financial services provider’s stock valued at $16,893,000 after buying an additional 62,927 shares during the last quarter. Royce & Associates LP increased its position in Fidelity Southern by 13.6% in the fourth quarter. Royce & Associates LP now owns 248,361 shares of the financial services provider’s stock valued at $5,879,000 after buying an additional 29,764 shares during the last quarter. Finally, LBA Wealth Management LLC increased its position in Fidelity Southern by 58.4% in the fourth quarter. LBA Wealth Management LLC now owns 47,840 shares of the financial services provider’s stock valued at $1,132,000 after buying an additional 17,632 shares during the last quarter. Hedge funds and other institutional investors own 63.11% of the company’s stock.

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

Shares of Fidelity Southern Co. (NASDAQ:LION) traded down 1.10% on Tuesday, reaching $21.50. 39,294 shares of the company were exchanged. Fidelity Southern Co. has a 1-year low of $14.45 and a 1-year high of $24.95. The stock has a market capitalization of $566.85 million, a PE ratio of 12.57 and a beta of 1.05. The company has a 50-day moving average price of $21.93 and a 200 day moving average price of $22.78.

Fidelity Southern (NASDAQ:LION) last announced its quarterly earnings data on Thursday, April 20th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.09. Fidelity Southern had a return on equity of 14.40% and a net margin of 13.34%. The firm had revenue of $75 million for the quarter, compared to analysts’ expectations of $63.39 million. The firm’s revenue for the quarter was up 26.7% compared to the same quarter last year. On average, analysts forecast that Fidelity Southern Co. will post $1.58 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Tuesday, May 2nd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend was Friday, April 28th. Fidelity Southern’s dividend payout ratio (DPR) is presently 32.21%.

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Several equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Fidelity Southern from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 23rd. Stephens restated a “hold” rating on shares of Fidelity Southern in a research report on Friday, April 21st.

In related news, insider David Buchanan sold 4,000 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $22.79, for a total transaction of $91,160.00. Following the transaction, the insider now directly owns 218,693 shares in the company, valued at $4,984,013.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 19.93% of the company’s stock.

Fidelity Southern 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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