AQR Capital Management LLC Sells 3129 Shares of Fidelity Southern Corporation (LION)

Barsaba Taglieri
Agosto 7, 2017

Fidelity Southern Corporation (NASDAQ:LION) has been the object of insider buying and selling activity recently. They now have a United States dollars 18 price target on the stock. Keefe, Bruyette & Woods reiterated a "buy" rating and issued a $25.00 price target on shares of Fidelity Southern Corporation in a report on Thursday, July 27th. The fund owned 1,298,246 shares of the financial services provider's stock after buying an additional 160,607 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. OppenheimerFunds Inc. purchased a new position in shares of Fidelity Southern Corporation during the first quarter valued at about $226,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of Fidelity Southern Corporation during the fourth quarter worth about $182,000. Accern also assigned headlines about the financial services provider an impact score of 45.7223587778852 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Stock market analysts watching Fidelity Southern Corporation (NASDAQ:LION) have recently changed their ratings on the stock. Mason Street Advisors LLC raised its position in Fidelity Southern Corporation by 7.0% in the first quarter. Finally, Schroder Investment Management Group raised its position in Fidelity Southern Corporation by 32.0% in the first quarter. Finally, Comerica Bank boosted its position in Fidelity Southern Corporation by 4.1% in the first quarter. On April 22 the company was changed to a "Outperform" in a report from Keefe Bruyette & Woods up from the previous "Market Perform" rating. The stock has a market cap of $559.06 million, a P/E ratio of 11.89 and a beta of 1.33.

Shares of the company are trading at $21.89 barely below $22.74, the 50 day moving average and a tad under the 200 day moving average of $22.60.

A number of other research firms have also weighed in on LION.

TRADEMARK VIOLATION NOTICE: "Fidelity Southern Corporation's (NASDAQ:LION) "Buy" Rating Reaffirmed at Keefe, Bruyette & Woods" was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company.

On July 17 Keefe Bruyette & Woods made no change to the stock rating of "Market Perform" and moved up the price target to $20.00 from $18.00.

09/18/2015 - Stephens began new coverage on Fidelity Southern Corporation giving the company a " rating. The value of the company's investment in Fidelity Southern Corporation went from $478,000 to $489,000 increasing 2.3% for the reporting period.

Fidelity Southern Corporation (NASDAQ:LION) last issued its earnings results on Thursday, July 20th. As of the latest earnings report the EPS was $1.78 and is estimated to be $1.45 for the current year with 26,433,000 shares now outstanding. Fidelity Southern Corporation had a return on equity of 12.87% and a net margin of 14.95%. The company had revenue of $74.60 million for the quarter, compared to analysts' expectations of $71.32 million. The business's revenue was up 11.7% on a year-over-year basis.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Tuesday, August 1st will be paid a $0.12 dividend. The ex-dividend date is Friday, July 28th. This dividend represents a yield of $2.19. Fidelity Southern Corporation's payout ratio is now 26.97%. If you are accessing this report on another website, it was copied illegally and reposted in violation of United States & worldwide trademark & copyright legislation. The legal version of this story can be viewed at Director W. Clyde Iii Shepherd purchased 173 shares at an average price of $23.01 on July 7th. Following the transaction, the insider now owns 213,693 shares in the company, valued at approximately $5,058,113.31.

In related news, insider H Palmer Proctor, Jr. sold 15,000 shares of the stock in a transaction on Monday, June 19th. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Following the transaction, the insider now directly owns 79,037 shares of the company's stock, valued at approximately $1,824,964.33.

In other news, insider David Buchanan sold 5,000 shares of Fidelity Southern Corporation stock in a transaction dated Monday, June 12th. David Buchanan, VP let go of $112,250 worth of shares at an average price of $22.45 on Monday the 26th. The disclosure for this sale can be found here. In the last three months, insiders sold 25,000 shares of company stock worth $576,950.

03/02/2015 - Fidelity Southern Corporation was downgraded to " by analysts at Zacks. The Company conducts its operations through its subsidiary bank, Fidelity Bank, which is a state chartered bank (the Bank). It 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.

Altre relazioni OverNewsmagazine

Discuti questo articolo