Swiss National Bank boosted its position in Fidelity Southern Co. (NASDAQ:LION) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,700 shares of the financial services provider’s stock after purchasing an additional 3,300 shares during the quarter. Swiss National Bank owned approximately 0.14% of Fidelity Southern worth $844,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of Fidelity Southern by 4.5% during the second quarter. State Street Corp now owns 460,743 shares of the financial services provider’s stock valued at $10,536,000 after acquiring an additional 19,985 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Fidelity Southern by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 18,173 shares of the financial services provider’s stock valued at $416,000 after acquiring an additional 1,222 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Fidelity Southern by 2.4% during the third quarter. Principal Financial Group Inc. now owns 166,230 shares of the financial services provider’s stock valued at $3,930,000 after acquiring an additional 3,858 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Fidelity Southern by 59.3% during the third quarter. Bessemer Group Inc. now owns 33,300 shares of the financial services provider’s stock valued at $787,000 after acquiring an additional 12,400 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Fidelity Southern by 84.8% during the third quarter. BNP Paribas Arbitrage SA now owns 11,899 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 5,459 shares in the last quarter. Hedge funds and other institutional investors own 69.72% of the company’s stock.
In related news, Director William C. Lankford, Jr. sold 2,365 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $24.02, for a total value of $56,807.30. Following the transaction, the director now owns 10,182 shares in the company, valued at approximately $244,571.64. The sale was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders purchased 524 shares of company stock worth $12,013. 18.77% of the stock is owned by corporate insiders.
Fidelity Southern Co. (NASDAQ LION) opened at $23.90 on Friday. Fidelity Southern Co. has a fifty-two week low of $20.08 and a fifty-two week high of $24.96. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 0.30. The stock has a market cap of $637.30, a PE ratio of 18.13 and a beta of 1.25.
Fidelity Southern (NASDAQ:LION) last issued its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.04). Fidelity Southern had a return on equity of 9.06% and a net margin of 13.59%. The business had revenue of $64.76 million during the quarter, compared to analyst estimates of $67.00 million. sell-side analysts forecast that Fidelity Southern Co. will post 1.62 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Friday, February 2nd were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $0.48 annualized dividend and a yield of 2.01%. Fidelity Southern’s dividend payout ratio (DPR) is presently 32.21%.
Several research firms have recently issued reports on LION. Zacks Investment Research downgraded shares of Fidelity Southern from a “buy” rating to a “sell” rating in a report on Wednesday, February 28th. BidaskClub downgraded shares of Fidelity Southern from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 27th. Finally, Sandler O’Neill set a $25.00 price objective on shares of Fidelity Southern and gave the company a “hold” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $25.00.
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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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