9,325 Shares in Fidelity Southern Co. (LION) Purchased by Stone Ridge Asset Management LLC

Stone Ridge Asset Management LLC purchased a new position in shares of Fidelity Southern Co. (NASDAQ:LION) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,325 shares of the financial services provider’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Deutsche Bank AG boosted its holdings in Fidelity Southern by 108.9% during the fourth quarter. Deutsche Bank AG now owns 55,126 shares of the financial services provider’s stock worth $1,200,000 after buying an additional 28,731 shares in the last quarter. Context BH Capital Management LP boosted its holdings in Fidelity Southern by 23.3% during the fourth quarter. Context BH Capital Management LP now owns 250,642 shares of the financial services provider’s stock worth $5,464,000 after buying an additional 47,368 shares in the last quarter. Banc Funds Co. LLC boosted its holdings in Fidelity Southern by 8.7% during the fourth quarter. Banc Funds Co. LLC now owns 1,552,378 shares of the financial services provider’s stock worth $33,842,000 after buying an additional 123,900 shares in the last quarter. Martingale Asset Management L P boosted its holdings in Fidelity Southern by 1.8% during the fourth quarter. Martingale Asset Management L P now owns 146,760 shares of the financial services provider’s stock worth $3,200,000 after buying an additional 2,616 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its holdings in Fidelity Southern by 180.7% during the fourth quarter. OppenheimerFunds Inc. now owns 28,990 shares of the financial services provider’s stock worth $632,000 after buying an additional 18,664 shares in the last quarter. 69.21% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities analysts have weighed in on LION shares. Zacks Investment Research upgraded shares of Fidelity Southern from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a research report on Saturday, January 13th. BidaskClub upgraded shares of Fidelity Southern from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 24th. Sandler O’Neill set a $25.00 price objective on shares of Fidelity Southern and gave the stock a “hold” rating in a research report on Monday, January 22nd. Finally, ValuEngine upgraded shares of Fidelity Southern from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Fidelity Southern currently has a consensus rating of “Buy” and a consensus target price of $25.00.

NASDAQ:LION opened at $22.66 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.30. The firm has a market cap of $620.68, a price-to-earnings ratio of 17.30 and a beta of 1.22. Fidelity Southern Co. has a fifty-two week low of $20.08 and a fifty-two week high of $24.96.

Fidelity Southern (NASDAQ:LION) last posted its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.04). The company had revenue of $64.76 million for the quarter, compared to analyst estimates of $67.00 million. Fidelity Southern had a return on equity of 9.06% and a net margin of 13.59%. equities research analysts predict that Fidelity Southern Co. will post 1.62 EPS for the current year.

In other Fidelity Southern news, Director William C. Lankford, Jr. sold 2,365 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $24.02, for a total transaction of $56,807.30. Following the completion of the transaction, the director now directly owns 10,182 shares in the company, valued at $244,571.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 18.77% of the company’s stock.

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About Fidelity Southern

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 (NASDAQ:LION)

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