Fidelity Southern Corporation (LION) Stake Increased by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can boosted its position in shares of Fidelity Southern Corporation (NASDAQ:LION) by 9.0% during the first quarter, Holdings Channel reports. The fund owned 27,936 shares of the financial services provider’s stock after buying an additional 2,303 shares during the period. Great West Life Assurance Co. Can’s holdings in Fidelity Southern Corporation were worth $625,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. New York State Teachers Retirement System purchased a new position in Fidelity Southern Corporation during the fourth quarter worth $192,000. State Board of Administration of Florida Retirement System purchased a new position in Fidelity Southern Corporation during the fourth quarter worth $1,388,000. Russell Investments Group Ltd. purchased a new position in Fidelity Southern Corporation during the fourth quarter worth $276,000. State Street Corp boosted its position in Fidelity Southern Corporation by 33.0% in the fourth quarter. State Street Corp now owns 398,583 shares of the financial services provider’s stock worth $9,431,000 after buying an additional 98,856 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position in Fidelity Southern Corporation by 12.5% in the first quarter. Nationwide Fund Advisors now owns 134,215 shares of the financial services provider’s stock worth $3,004,000 after buying an additional 14,861 shares during the last quarter. 68.75% of the stock is owned by institutional investors.

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

Shares of Fidelity Southern Corporation (NASDAQ LION) opened at 23.15 on Tuesday. Fidelity Southern Corporation has a 12 month low of $14.45 and a 12 month high of $24.95. The stock has a 50 day moving average of $22.16 and a 200 day moving average of $22.79. The firm has a market cap of $610.35 million, a price-to-earnings ratio of 13.54 and a beta of 1.31.

Fidelity Southern Corporation (NASDAQ:LION) last announced its quarterly earnings results on Thursday, April 20th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.09. The business had revenue of $75 million during the quarter, compared to the consensus estimate of $63.39 million. Fidelity Southern Corporation had a net margin of 14.60% and a return on equity of 13.90%. The business’s quarterly revenue was up 26.7% compared to the same quarter last year. On average, equities research analysts expect that Fidelity Southern Corporation will post $1.58 EPS for the current fiscal year.

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A number of research analysts have weighed in on LION shares. Zacks Investment Research cut shares of Fidelity Southern Corporation from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 23rd. Stephens reiterated a “hold” rating on shares of Fidelity Southern Corporation in a research report on Friday, April 21st.

In other news, insider David Buchanan sold 4,000 shares of the stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $22.79, for a total value of $91,160.00. Following the completion of the transaction, the insider now owns 218,693 shares in the company, valued at approximately $4,984,013.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 543 shares of company stock valued at $11,988 in the last quarter. Insiders own 18.77% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:LION”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding LION? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Southern Corporation (NASDAQ:LION).

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