Vanguard Group Inc. boosted its holdings in shares of Fidelity Southern Co. (NASDAQ:LION) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,389,834 shares of the financial services provider’s stock after buying an additional 31,842 shares during the quarter. Vanguard Group Inc. owned approximately 5.10% of Fidelity Southern worth $34,440,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Fidelity Southern by 5.8% during the third quarter. BlackRock Inc. now owns 3,222,298 shares of the financial services provider’s stock valued at $79,850,000 after purchasing an additional 176,770 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Fidelity Southern by 5.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,950,590 shares of the financial services provider’s stock valued at $48,336,000 after purchasing an additional 102,684 shares during the last quarter. FMR LLC acquired a new position in Fidelity Southern in the 3rd quarter valued at about $1,313,000. Montag A & Associates Inc. boosted its holdings in Fidelity Southern by 359.8% in the 3rd quarter. Montag A & Associates Inc. now owns 59,776 shares of the financial services provider’s stock valued at $1,481,000 after purchasing an additional 46,776 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Fidelity Southern in the 2nd quarter worth approximately $1,183,000. 68.66% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Rankin M. Smith, Jr. bought 15,000 shares of the stock in a transaction that occurred on Monday, December 24th. The stock was purchased at an average cost of $25.25 per share, for a total transaction of $378,750.00. Following the completion of the acquisition, the director now owns 259,009 shares in the company, valued at $6,539,977.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.18% of the stock is currently owned by insiders.
NASDAQ:LION traded up $0.32 during mid-day trading on Tuesday, hitting $31.74. 1,920 shares of the company’s stock traded hands, compared to its average volume of 191,641. The company has a market capitalization of $856.82 million, a P/E ratio of 19.68 and a beta of 0.66. Fidelity Southern Co. has a 1 year low of $21.18 and a 1 year high of $31.97. The company has a current ratio of 1.00, a quick ratio of 0.94 and a debt-to-equity ratio of 0.27.
Fidelity Southern (NASDAQ:LION) last issued its quarterly earnings results on Thursday, January 17th. The financial services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Fidelity Southern had a net margin of 13.68% and a return on equity of 10.25%. The business had revenue of $70.64 million during the quarter, compared to the consensus estimate of $67.90 million. On average, equities research analysts predict that Fidelity Southern Co. will post 1.63 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 14th. Investors of record on Monday, February 4th were issued a $0.12 dividend. The ex-dividend date was Friday, February 1st. This represents a $0.48 dividend on an annualized basis and a yield of 1.51%. Fidelity Southern’s payout ratio is 29.81%.
Several brokerages have recently commented on LION. Zacks Investment Research lowered shares of Fidelity Southern from a “buy” rating to a “hold” rating in a report on Saturday, January 19th. BidaskClub raised shares of Fidelity Southern from a “hold” rating to a “buy” rating in a research report on Saturday, January 5th. Sandler O’Neill raised shares of Fidelity Southern from a “hold” rating to a “buy” rating in a research report on Wednesday, December 19th. Finally, ValuEngine raised shares of Fidelity Southern from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $29.33.
About Fidelity Southern
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.
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