Foundry Partners LLC Cuts Holdings in Fidelity Southern Co. (LION)

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Foundry Partners LLC lowered its stake in Fidelity Southern Co. (NASDAQ:LION) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 232,870 shares of the financial services provider’s stock after selling 6,800 shares during the quarter. Foundry Partners LLC owned about 0.86% of Fidelity Southern worth $5,771,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Fidelity Southern in the second quarter valued at approximately $107,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Fidelity Southern in the second quarter valued at approximately $131,000. Barclays PLC raised 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 stake in shares of Fidelity Southern in the second quarter valued at approximately $216,000. Finally, Truewealth LLC acquired a new stake in shares of Fidelity Southern in the second quarter valued at approximately $435,000. 69.16% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on LION shares. Stephens reiterated a “buy” rating and issued a $31.00 price objective on shares of Fidelity Southern in a report on Thursday. BidaskClub downgraded shares of Fidelity Southern from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 30th. Sandler O’Neill set a $26.00 price objective on shares of Fidelity Southern and gave the company a “hold” rating in a report on Monday, July 23rd. Zacks Investment Research downgraded shares of Fidelity Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Finally, ValuEngine downgraded shares of Fidelity Southern from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Fidelity Southern currently has an average rating of “Hold” and a consensus price target of $29.00.

NASDAQ LION opened at $23.27 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 1.01. Fidelity Southern Co. has a 12-month low of $20.28 and a 12-month high of $27.05. The company has a market capitalization of $630.55 million, a PE ratio of 15.24 and a beta of 0.91.

Fidelity Southern (NASDAQ:LION) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $71.10 million. Fidelity Southern had a net margin of 14.88% and a return on equity of 10.08%. On average, analysts predict that Fidelity Southern Co. will post 1.42 EPS for the current fiscal year.

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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