Banc Funds Co. LLC cut its holdings in Fidelity Southern Corporation (NASDAQ:LION) by 9.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,418,478 shares of the financial services provider’s stock after selling 153,008 shares during the quarter. Fidelity Southern Corporation comprises 1.5% of Banc Funds Co. LLC’s holdings, making the stock its 8th biggest position. Banc Funds Co. LLC owned approximately 5.37% of Fidelity Southern Corporation worth $32,426,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. grew its position in shares of Fidelity Southern Corporation by 12.4% in the 1st quarter. Ameriprise Financial Inc. now owns 118,220 shares of the financial services provider’s stock valued at $2,646,000 after purchasing an additional 13,050 shares during the period. Gamco Investors INC. ET AL lifted its stake in Fidelity Southern Corporation by 4.6% in the 2nd quarter. Gamco Investors INC. ET AL now owns 45,514 shares of the financial services provider’s stock valued at $1,040,000 after acquiring an additional 2,000 shares in the last quarter. Great West Life Assurance Co. Can lifted 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 acquiring an additional 2,303 shares in the last quarter. State of Tennessee Treasury Department lifted its stake in Fidelity Southern Corporation by 17.8% in the 1st quarter. State of Tennessee Treasury Department now owns 19,804 shares of the financial services provider’s stock valued at $443,000 after acquiring an additional 2,989 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in Fidelity Southern Corporation by 6.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 67,397 shares of the financial services provider’s stock valued at $1,508,000 after acquiring an additional 4,294 shares in the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.

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

In other news, Director David R. Bockel sold 5,700 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $22.05, for a total value of $125,685.00. Following the transaction, the director now owns 29,847 shares in the company, valued at $658,126.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 548 shares of company stock worth $12,016 in the last 90 days. Corporate insiders own 18.77% of the company’s stock.

Fidelity Southern Corporation (NASDAQ:LION) last announced its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.06). Fidelity Southern Corporation had a net margin of 14.95% and a return on equity of 12.87%. The firm had revenue of $74.60 million during the quarter, compared to analyst estimates of $71.32 million. Fidelity Southern Corporation’s revenue was up 11.7% compared to the same quarter last year.

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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.

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

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