Foundry Partners LLC reduced its stake in Fidelity Southern Co. (NASDAQ:LION) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 232,870 shares of the financial services provider’s stock after selling 6,800 shares during the period. Foundry Partners LLC’s holdings in Fidelity Southern were worth $5,771,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LION. SG Americas Securities LLC acquired a new position in shares of Fidelity Southern in the second quarter valued at $107,000. Piedmont Investment Advisors LLC acquired a new position in shares of Fidelity Southern in the second quarter valued at $131,000. Barclays PLC increased its holdings in shares of Fidelity Southern by 115.8% in the first quarter. Barclays PLC now owns 8,083 shares of the financial services provider’s stock valued at $187,000 after purchasing an additional 4,337 shares during the last quarter. Voya Investment Management LLC acquired a new position in shares of Fidelity Southern in the second quarter valued at $216,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Fidelity Southern in the first quarter valued at $401,000. Hedge funds and other institutional investors own 69.16% of the company’s stock.

LION has been the topic of several research reports. ValuEngine downgraded shares of Fidelity Southern from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Zacks Investment Research upgraded shares of Fidelity Southern from a “sell” rating to a “hold” rating in a report on Friday, October 5th. Stephens reissued a “buy” rating and issued a $31.00 target price on shares of Fidelity Southern in a research report on Thursday. BidaskClub cut shares of Fidelity Southern from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 30th. Finally, Sandler O’Neill set a $26.00 target price on shares of Fidelity Southern and gave the company a “hold” rating in a research report on Monday, July 23rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Fidelity Southern currently has a consensus rating of “Hold” and an average target price of $29.00.

Shares of Fidelity Southern stock opened at $23.27 on Friday. The stock has a market capitalization of $630.55 million, a PE ratio of 15.24 and a beta of 0.91. Fidelity Southern Co. has a 52-week low of $20.28 and a 52-week high of $27.05. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.01 and a quick ratio of 0.91.

Fidelity Southern (NASDAQ:LION) last announced its earnings results on Thursday, October 18th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.08. The company had revenue of $72.41 million during the quarter, compared to analysts’ expectations of $71.10 million. Fidelity Southern had a net margin of 14.88% and a return on equity of 10.08%. As a group, analysts anticipate that Fidelity Southern Co. will post 1.42 earnings per share for the current year.

Fidelity Southern Company Profile

Fidelity Southern Corporation operates as the holding company for Fidelity Bank that provides financial products and services primarily for individuals, and small and medium-sized businesses in the United States. The company accepts noninterest-bearing demand and interest-bearing demand accounts, including money market accounts and savings deposits; and time deposits.

Further Reading: Fundamental Analysis and Choosing Stocks

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

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