Fidelity Southern Corp (NASDAQ:LION) Shifting Institutional Investors Sentiment

September 8, 2018 - By Ash Maslow

Fidelity Southern Corporation (NASDAQ:LION) Logo

Sentiment for Fidelity Southern Corp (NASDAQ:LION)

Fidelity Southern Corp (NASDAQ:LION) institutional sentiment decreased to 1.29 in Q1 2018. Its down -0.36, from 1.65 in 2017Q4. The ratio dived, as 54 active investment managers opened new and increased equity positions, while 42 decreased and sold their holdings in Fidelity Southern Corp. The active investment managers in our partner’s database reported: 17.83 million shares, down from 17.97 million shares in 2017Q4. Also, the number of active investment managers holding Fidelity Southern Corp in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 7 Reduced: 35 Increased: 36 New Position: 18.

Fidelity Southern Corporation operates as the holding firm for Fidelity Bank that provides financial services and products primarily for individuals, and small and medium-sized businesses in the metropolitan Atlanta and Jacksonville, Orlando and Sarasota-Bradenton, Florida markets. The company has market cap of $692.88 million. The firm accepts noninterest-bearing demand and interest-bearing demand accounts, including money market accounts and savings deposits; and time deposits. It has a 16.53 P/E ratio. It also offers various loans, such as commercial and industrial loans, commercial real estate loans, indirect automobile loans, real estate construction loans, and real estate mortgage loans, as well as consumer loans, including automobile loans, residential mortgage and home equity loans, and secured and unsecured personal loans.

The stock increased 5.38% or $1.3 during the last trading session, reaching $25.46. About 128,161 shares traded or 30.34% up from the average. Fidelity Southern Corporation (NASDAQ:LION) has risen 11.45% since September 8, 2017 and is uptrending. It has underperformed by 1.12% the S&P500.

Analysts await Fidelity Southern Corporation (NASDAQ:LION) to report earnings on October, 18. They expect $0.38 earnings per share, up 26.67 % or $0.08 from last year’s $0.3 per share. LION’s profit will be $10.34 million for 16.75 P/E if the $0.38 EPS becomes a reality. After $0.34 actual earnings per share reported by Fidelity Southern Corporation for the previous quarter, Wall Street now forecasts 11.76 % EPS growth.

Mendon Capital Advisors Corp holds 1.86% of its portfolio in Fidelity Southern Corporation for 888,277 shares. Cutler Capital Management Llc owns 186,169 shares or 1.74% of their US portfolio. Moreover, Banc Funds Co Llc has 1.53% invested in the company for 1.30 million shares. The Illinois-based Rmb Capital Management Llc has invested 0.4% in the stock. Foundry Partners Llc, a Minnesota-based fund reported 206,475 shares.

Since January 1, 0001, it had 4 insider purchases, and 1 insider sale for $342,491 activity.

Fidelity Southern Corporation (NASDAQ:LION) Ratings Coverage

Ratings analysis reveals 100% of Fidelity Southern’s analysts are positive. Out of 2 Wall Street analysts rating Fidelity Southern, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. LION was included in 2 notes of analysts from April 19, 2018. The stock of Fidelity Southern Corporation (NASDAQ:LION) earned “Overweight” rating by Stephens on Friday, September 7. The stock of Fidelity Southern Corporation (NASDAQ:LION) has “Buy” rating given on Thursday, April 19 by Keefe Bruyette & Woods.

Fidelity Southern Corporation (NASDAQ:LION) Institutional Positions Chart

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