Fidelity Southern Co. (NASDAQ:LION) Stake Raised by Swiss National Bank

Swiss National Bank grew its position in Fidelity Southern Co. (NASDAQ:LION) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. boosted its position in shares of Fidelity Southern by 55.8% in the fourth quarter. Meeder Asset Management Inc. now owns 7,901 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 2,829 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Fidelity Southern by 84.8% in the third quarter. BNP Paribas Arbitrage SA now owns 11,899 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 5,459 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of Fidelity Southern by 29.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 14,310 shares of the financial services provider’s stock worth $338,000 after purchasing an additional 3,250 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Fidelity Southern by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 18,173 shares of the financial services provider’s stock worth $416,000 after purchasing an additional 1,222 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Fidelity Southern in the third quarter worth approximately $452,000. Institutional investors and hedge funds own 69.21% of the company’s stock.

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A number of brokerages recently weighed in on LION. ValuEngine upgraded shares of Fidelity Southern from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Investment Research upgraded shares of Fidelity Southern from a “sell” rating to a “hold” rating in a research report on Wednesday, March 28th. BidaskClub lowered shares of Fidelity Southern from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 27th. Finally, Sandler O’Neill set a $25.00 target price on shares of Fidelity Southern and gave the stock a “hold” rating in a research report on Monday, January 22nd. 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 presently has an average rating of “Buy” and a consensus price target of $25.00.

Fidelity Southern stock traded down $0.54 during mid-day trading on Friday, reaching $22.66. 70,227 shares of the company’s stock traded hands, compared to its average volume of 130,887. The company has a market cap of $627.16, a price-to-earnings ratio of 17.30 and a beta of 1.22. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.30. Fidelity Southern Co. has a 12-month low of $20.08 and a 12-month high of $24.96.

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

In related 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 sale, the director now owns 10,182 shares of the company’s stock, valued at $244,571.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 18.77% of the stock is owned by corporate insiders.

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Fidelity Southern 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.

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

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