MUFG Securities EMEA plc Acquires Shares of 64,400 Fidelity Southern Co. (LION)

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MUFG Securities EMEA plc acquired a new stake in Fidelity Southern Co. (NASDAQ:LION) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 64,400 shares of the financial services provider’s stock, valued at approximately $1,676,000. MUFG Securities EMEA plc owned 0.24% of Fidelity Southern as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund purchased a new position in shares of Fidelity Southern in the fourth quarter valued at approximately $219,000. Stifel Financial Corp purchased a new position in shares of Fidelity Southern in the fourth quarter valued at approximately $265,000. Texas Permanent School Fund boosted its stake in shares of Fidelity Southern by 4.2% in the fourth quarter. Texas Permanent School Fund now owns 14,455 shares of the financial services provider’s stock valued at $376,000 after purchasing an additional 585 shares during the period. MetLife Investment Advisors LLC boosted its stake in shares of Fidelity Southern by 58.7% in the third quarter. MetLife Investment Advisors LLC now owns 17,185 shares of the financial services provider’s stock valued at $426,000 after purchasing an additional 6,358 shares during the period. Finally, Salem Investment Counselors Inc. boosted its stake in shares of Fidelity Southern by 17.1% in the third quarter. Salem Investment Counselors Inc. now owns 27,345 shares of the financial services provider’s stock valued at $678,000 after purchasing an additional 4,000 shares during the period. 70.10% of the stock is owned by institutional investors and hedge funds.

Shares of Fidelity Southern stock opened at $30.14 on Friday. Fidelity Southern Co. has a 52-week low of $21.18 and a 52-week high of $33.32. The company has a quick ratio of 0.94, a current ratio of 1.00 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $821.92 million, a P/E ratio of 18.72 and a beta of 0.69.

Fidelity Southern (NASDAQ:LION) last issued its quarterly earnings results on Thursday, January 17th. The financial services provider reported $0.36 earnings per share (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 company had revenue of $70.64 million during the quarter, compared to the consensus estimate of $67.90 million. On average, equities research analysts anticipate that Fidelity Southern Co. will post 1.63 EPS for the current fiscal year.

In other news, Director Rankin M. Smith, Jr. purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was bought at an average price of $30.50 per share, for a total transaction of $305,000.00. Following the completion of the purchase, the director now directly owns 273,540 shares of the company’s stock, valued at $8,342,970. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rankin M. Smith, Jr. acquired 15,000 shares of the business’s stock in a transaction on Monday, December 24th. The shares were bought at an average cost of $25.25 per share, for a total transaction of $378,750.00. Following the acquisition, the director now owns 259,009 shares of the company’s stock, valued at approximately $6,539,977.25. The disclosure for this purchase can be found here. Insiders purchased 25,438 shares of company stock valued at $695,738 in the last quarter. 20.18% of the stock is owned by insiders.

A number of research analysts recently issued reports on LION shares. Zacks Investment Research downgraded shares of Fidelity Southern from a “hold” rating to a “sell” rating in a research note on Saturday, January 5th. BidaskClub upgraded shares of Fidelity Southern from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 27th. Finally, Sandler O’Neill upgraded shares of Fidelity Southern from a “hold” rating to a “buy” rating in a research note on Wednesday, December 19th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $29.33.

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Fidelity Southern 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.

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

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