Fidelity Southern Corporation (LION) Shares Bought by Foundry Partners LLC
Foundry Partners LLC increased its stake in Fidelity Southern Corporation (NASDAQ:LION) by 13.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 261,650 shares of the financial services provider’s stock after buying an additional 30,675 shares during the period. Foundry Partners LLC’s holdings in Fidelity Southern Corporation were worth $5,981,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in LION. Russell Investments Group Ltd. bought a new stake in shares of Fidelity Southern Corporation during the fourth quarter valued at approximately $276,000. State Street Corp boosted its stake in shares of Fidelity Southern Corporation by 33.0% in the fourth quarter. State Street Corp now owns 398,583 shares of the financial services provider’s stock valued at $9,431,000 after buying an additional 98,856 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Fidelity Southern Corporation by 3.2% in the fourth quarter. Teachers Advisors LLC now owns 34,333 shares of the financial services provider’s stock valued at $813,000 after buying an additional 1,063 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of Fidelity Southern Corporation by 12.5% in the first quarter. Nationwide Fund Advisors now owns 134,215 shares of the financial services provider’s stock valued at $3,004,000 after buying an additional 14,861 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Fidelity Southern Corporation by 9.0% in the first quarter. Great West Life Assurance Co. Can now owns 27,936 shares of the financial services provider’s stock valued at $625,000 after buying an additional 2,303 shares during the last quarter. Institutional investors and hedge funds own 69.00% of the company’s stock.
Shares of Fidelity Southern Corporation (NASDAQ LION) opened at 21.26 on Friday. The company has a market capitalization of $567.75 million, a P/E ratio of 11.95 and a beta of 1.31. The stock has a 50 day moving average of $22.40 and a 200-day moving average of $22.52. Fidelity Southern Corporation has a 12-month low of $16.24 and a 12-month high of $24.95.
Fidelity Southern Corporation (NASDAQ:LION) last posted its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.06. The company had revenue of $74.60 million for the quarter, compared to analysts’ expectations of $71.32 million. Fidelity Southern Corporation had a net margin of 14.95% and a return on equity of 12.87%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities research analysts forecast that Fidelity Southern Corporation will post $1.45 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Tuesday, August 1st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, July 28th. Fidelity Southern Corporation’s dividend payout ratio is currently 26.97%.
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Several analysts have commented on LION shares. Stephens reiterated a “hold” rating on shares of Fidelity Southern Corporation in a research note on Friday, April 21st. Zacks Investment Research cut shares of Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, April 22nd. ValuEngine cut shares of Fidelity Southern Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $25.00 price target on shares of Fidelity Southern Corporation in a research note on Thursday, July 27th. Finally, BidaskClub cut shares of Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $25.13.
In other news, insider H Palmer Proctor, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $23.09, for a total value of $346,350.00. Following the transaction, the insider now directly owns 79,037 shares of the company’s stock, valued at $1,824,964.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David Buchanan sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $22.45, for a total transaction of $112,250.00. Following the completion of the transaction, the insider now directly owns 208,693 shares in the company, valued at $4,685,157.85. The disclosure for this sale can be found here. Over the last three months, insiders bought 547 shares of company stock worth $12,001 and sold 25,000 shares worth $576,950. Company insiders own 18.77% of the company’s stock.
Fidelity Southern Corporation 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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