Northern Trust Corp Decreases Holdings in Fidelity Southern Corporation (LION)

Northern Trust Corp reduced its stake in Fidelity Southern Corporation (NASDAQ:LION) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 254,120 shares of the financial services provider’s stock after selling 1,045 shares during the period. Northern Trust Corp owned approximately 0.96% of Fidelity Southern Corporation worth $5,810,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LION. First Quadrant L P CA purchased a new stake in shares of Fidelity Southern Corporation in the second quarter worth $124,000. BNP Paribas Arbitrage SA grew its stake in shares of Fidelity Southern Corporation by 60.7% in the second 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 during the last quarter. OppenheimerFunds Inc. purchased a new stake in shares of Fidelity Southern Corporation in the first quarter worth $226,000. Laurion Capital Management LP purchased a new stake in shares of Fidelity Southern Corporation in the second quarter worth $243,000. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of Fidelity Southern Corporation by 131.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,060 shares of the financial services provider’s stock worth $253,000 after acquiring an additional 6,280 shares during the last quarter. 67.84% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director David R. Bockel sold 5,700 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $22.05, for a total transaction of $125,685.00. Following the sale, the director now directly owns 29,847 shares of the company’s stock, valued at $658,126.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jason Walsh sold 113,000 shares of the stock in a transaction on Friday, September 29th. The shares were sold at an average price of $0.52, for a total value of $58,760.00. Over the last ninety days, insiders have purchased 37,538 shares of company stock worth $33,526 and have sold 151,700 shares worth $288,635. Company insiders own 18.77% of the company’s stock.

A number of equities research analysts have recently commented on LION shares. Zacks Investment Research cut Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $25.00 target price on shares of Fidelity Southern Corporation in a research note on Thursday, July 27th. Finally, BidaskClub cut Fidelity Southern Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Fidelity Southern Corporation presently has a consensus rating of “Hold” and an average target price of $24.50.

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Shares of Fidelity Southern Corporation (NASDAQ:LION) opened at $21.23 on Thursday. Fidelity Southern Corporation has a 12 month low of $20.08 and a 12 month high of $24.95. The company has a market capitalization of $570.22, a price-to-earnings ratio of 13.28 and a beta of 1.34. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.31.

Fidelity Southern Corporation (NASDAQ:LION) last released its earnings results on Thursday, October 19th. The financial services provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $67.03 million during the quarter, compared to analysts’ expectations of $71.20 million. equities research analysts anticipate that Fidelity Southern Corporation will post 1.37 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Wednesday, November 1st were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 2.26%. Fidelity Southern Corporation’s dividend payout ratio (DPR) is presently 30.00%.

Fidelity Southern Corporation 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.

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

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