Legal & General Group Plc Buys 2,311 Shares of Fidelity Southern Co. (LION)

Legal & General Group Plc lifted its holdings in Fidelity Southern Co. (NASDAQ:LION) by 5.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,420 shares of the financial services provider’s stock after acquiring an additional 2,311 shares during the quarter. Legal & General Group Plc owned approximately 0.16% of Fidelity Southern worth $1,105,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in LION. Schwab Charles Investment Management Inc. boosted its holdings in shares of Fidelity Southern by 13.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 104,198 shares of the financial services provider’s stock worth $2,404,000 after acquiring an additional 12,243 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Fidelity Southern by 0.9% in the 1st quarter. Northern Trust Corp now owns 258,634 shares of the financial services provider’s stock worth $5,967,000 after acquiring an additional 2,290 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Fidelity Southern by 1.5% in the 1st quarter. BlackRock Inc. now owns 2,885,153 shares of the financial services provider’s stock worth $66,560,000 after acquiring an additional 43,573 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Fidelity Southern by 25.2% in the 1st quarter. California Public Employees Retirement System now owns 56,440 shares of the financial services provider’s stock worth $1,302,000 after acquiring an additional 11,378 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Fidelity Southern by 6.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,680,359 shares of the financial services provider’s stock worth $38,766,000 after acquiring an additional 105,499 shares in the last quarter. 69.16% of the stock is currently owned by institutional investors and hedge funds.

LION stock opened at $23.52 on Monday. 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 Co. has a fifty-two week low of $20.28 and a fifty-two week high of $27.05. The company has a market capitalization of $674.37 million, a P/E ratio of 17.95 and a beta of 0.91.

Fidelity Southern (NASDAQ:LION) last posted its quarterly earnings data on Thursday, July 19th. The financial services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.10). Fidelity Southern had a return on equity of 9.04% and a net margin of 13.68%. The company had revenue of $73.45 million during the quarter, compared to the consensus estimate of $70.50 million. As a group, sell-side analysts forecast that Fidelity Southern Co. will post 1.44 EPS for the current fiscal year.

Several research analysts have recently commented on the company. ValuEngine raised Fidelity Southern from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. BidaskClub raised Fidelity Southern from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Stephens reissued a “hold” rating and issued a $25.00 target price on shares of Fidelity Southern in a report on Tuesday, August 21st. Sandler O’Neill set a $26.00 target price on Fidelity Southern and gave the stock a “hold” rating in a report on Monday, July 23rd. Finally, Zacks Investment Research downgraded Fidelity Southern from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 24th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Fidelity Southern has a consensus rating of “Hold” and an average price target of $27.00.

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

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