California Public Employees Retirement System lifted its position in shares of Fidelity Southern Corporation (NASDAQ:LION) by 6.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,600 shares of the company’s stock after buying an additional 2,600 shares during the period. California Public Employees Retirement System owned about 0.16% of Fidelity Southern Corporation worth $997,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LION. Parametric Portfolio Associates LLC raised its holdings in shares of Fidelity Southern Corporation by 6.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 67,397 shares of the company’s stock valued at $1,508,000 after buying an additional 4,294 shares in the last quarter. OppenheimerFunds Inc. purchased a new position in shares of Fidelity Southern Corporation during the 1st quarter valued at about $226,000. Principal Financial Group Inc. raised its holdings in shares of Fidelity Southern Corporation by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 160,927 shares of the company’s stock valued at $3,602,000 after buying an additional 5,657 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of Fidelity Southern Corporation by 3.0% during the 1st quarter. Teachers Advisors LLC now owns 35,372 shares of the company’s stock valued at $792,000 after buying an additional 1,039 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Fidelity Southern Corporation by 2.3% during the 1st quarter. Legal & General Group Plc now owns 35,543 shares of the company’s stock valued at $795,000 after buying an additional 785 shares in the last quarter. 67.84% of the stock is currently owned by institutional investors.

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A number of equities analysts recently weighed in on LION shares. Keefe, Bruyette & Woods reissued a “buy” rating and set a $25.00 price objective on shares of Fidelity Southern Corporation in a report on Thursday, July 27th. Zacks Investment Research upgraded Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, BidaskClub upgraded Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of C$24.50.

Fidelity Southern Corporation (NASDAQ:LION) opened at C$20.61 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. Fidelity Southern Corporation has a 1 year low of C$20.08 and a 1 year high of C$24.95. The stock has a market capitalization of $553.04, a P/E ratio of 12.88 and a beta of 1.34.

Fidelity Southern Corporation (NASDAQ:LION) last posted its quarterly earnings results on Thursday, October 19th. The company reported C$0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.36 by C($0.06). Fidelity Southern Corporation had a return on equity of 11.30% and a net margin of 13.78%. The company had revenue of C$67.03 million for the quarter, compared to the consensus estimate of C$71.20 million. analysts predict that Fidelity Southern Corporation will post 1.37 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Wednesday, November 1st will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, October 31st. This represents a $0.48 annualized dividend and a yield of 2.33%. Fidelity Southern Corporation’s payout ratio is 30.00%.

In related news, Director Jason Walsh sold 113,000 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of C$0.52, for a total transaction of C$58,760.00. Also, Director David R. Bockel sold 5,700 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of C$22.05, for a total value of C$125,685.00. Following the transaction, the director now owns 29,847 shares in the company, valued at C$658,126.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 37,538 shares of company stock worth $33,526 and have sold 147,700 shares worth $205,635. 18.77% of the stock is owned by company insiders.

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

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