Fidelity Southern Corporation (LION) Shares Bought by Bessemer Group Inc.
Bessemer Group Inc. increased its stake in shares of Fidelity Southern Corporation (NASDAQ:LION) by 59.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,300 shares of the financial services provider’s stock after acquiring an additional 12,400 shares during the quarter. Bessemer Group Inc. owned about 0.12% of Fidelity Southern Corporation worth $787,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in LION. Meeder Asset Management Inc. raised its stake in Fidelity Southern Corporation by 332.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 5,072 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 3,899 shares in the last quarter. First Quadrant L P CA acquired a new stake in Fidelity Southern Corporation during the 2nd quarter worth $124,000. BNP Paribas Arbitrage SA raised its stake in Fidelity Southern Corporation by 60.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,440 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 2,432 shares in the last quarter. OppenheimerFunds Inc. purchased a new position in Fidelity Southern Corporation during the 1st quarter worth $226,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Fidelity Southern Corporation during the 2nd quarter worth $239,000. Hedge funds and other institutional investors own 67.84% of the company’s stock.
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Fidelity Southern Corporation (LION) opened at $21.42 on Friday. Fidelity Southern Corporation has a 52-week low of $20.08 and a 52-week high of $24.95. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 1.02. The stock has a market cap of $569.68, a price-to-earnings ratio of 13.27 and a beta of 1.34.
Fidelity Southern Corporation (NASDAQ:LION) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.06). Fidelity Southern Corporation had a return on equity of 11.30% and a net margin of 13.78%. The business had revenue of $67.03 million for the quarter, compared to analysts’ expectations of $71.20 million. equities analysts anticipate that Fidelity Southern Corporation will post 1.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Wednesday, November 1st were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Tuesday, October 31st. Fidelity Southern Corporation’s payout ratio is 30.00%.
In other news, Director David R. Bockel sold 5,700 shares of Fidelity Southern Corporation stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $22.05, for a total value of $125,685.00. Following the sale, the director now owns 29,847 shares of the company’s stock, valued at $658,126.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David Buchanan sold 4,000 shares of Fidelity Southern Corporation stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $20.75, for a total transaction of $83,000.00. Following the completion of the sale, the insider now directly owns 254,693 shares in the company, valued at approximately $5,284,879.75. The disclosure for this sale can be found here. In the last ninety days, insiders bought 37,538 shares of company stock worth $33,526 and sold 151,700 shares worth $288,635. 18.77% of the stock is owned by insiders.
Several research analysts have issued reports on the stock. BidaskClub raised shares of Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Fidelity Southern Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $25.00 price objective on shares of Fidelity Southern Corporation in a research report on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $24.50.
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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