Geode Capital Management LLC Sells 6,538 Shares of Fidelity Southern Co. (LION)

Geode Capital Management LLC lowered its position in shares of Fidelity Southern Co. (NASDAQ:LION) by 2.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 265,261 shares of the financial services provider’s stock after selling 6,538 shares during the quarter. Geode Capital Management LLC owned about 0.97% of Fidelity Southern worth $6,902,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Fidelity Southern by 2.9% in the 4th quarter. BlackRock Inc. now owns 3,316,850 shares of the financial services provider’s stock valued at $86,305,000 after purchasing an additional 94,552 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Fidelity Southern by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,973,518 shares of the financial services provider’s stock valued at $51,350,000 after purchasing an additional 22,928 shares in the last quarter. Vanguard Group Inc raised its position in shares of Fidelity Southern by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 1,389,834 shares of the financial services provider’s stock valued at $34,440,000 after purchasing an additional 31,842 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Fidelity Southern by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,389,834 shares of the financial services provider’s stock valued at $34,440,000 after purchasing an additional 31,842 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Fidelity Southern by 4.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 321,952 shares of the financial services provider’s stock valued at $7,978,000 after purchasing an additional 13,403 shares in the last quarter. Institutional investors and hedge funds own 69.03% of the company’s stock.

Shares of LION traded up $0.20 during trading on Friday, reaching $29.24. The company’s stock had a trading volume of 62,932 shares, compared to its average volume of 107,496. The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 0.26. The firm has a market cap of $803.17 million, a price-to-earnings ratio of 18.16 and a beta of 0.67. Fidelity Southern Co. has a twelve month low of $21.18 and a twelve month high of $33.32.

Fidelity Southern (NASDAQ:LION) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.12). The firm had revenue of $62.09 million for the quarter, compared to analyst estimates of $65.10 million. Fidelity Southern had a net margin of 12.21% and a return on equity of 8.68%. On average, equities analysts expect that Fidelity Southern Co. will post 1.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Monday, April 29th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, April 26th. Fidelity Southern’s dividend payout ratio is currently 29.81%.

A number of equities analysts have issued reports on the company. BidaskClub raised Fidelity Southern from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Zacks Investment Research lowered Fidelity Southern from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. Finally, Stephens reaffirmed a “buy” rating and issued a $31.00 target price on shares of Fidelity Southern in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Fidelity Southern has a consensus rating of “Hold” and an average price target of $29.33.

In other news, Director Rankin M. Smith, Jr. purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were acquired at an average cost of $30.50 per share, with a total value of $305,000.00. Following the transaction, the director now owns 273,540 shares in the company, valued at approximately $8,342,970. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 20.18% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Geode Capital Management LLC Sells 6,538 Shares of Fidelity Southern Co. (LION)” was first posted by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright law. The legal version of this article can be read at https://www.baseballdailydigest.com/news/2019/05/11/geode-capital-management-llc-trims-stake-in-fidelity-southern-co-lion.html.

Fidelity Southern Company Profile

Fidelity Southern Corporation operates as the bank holding company for Fidelity Bank that provides financial products and services primarily to individuals and small to medium-sized businesses in the United States. The company accepts noninterest-bearing and interest-bearing demand accounts, including money market accounts and savings deposits; and time deposits.

Further Reading: Strangles

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

Receive News & Ratings for Fidelity Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Southern and related companies with MarketBeat.com's FREE daily email newsletter.