Fifth Third Bancorp EVP Steven Alonso Unloads 12,349 Shares (FITB)
Fifth Third Bancorp (NASDAQ:FITB) EVP Steven Alonso sold 12,349 shares of the stock on the open market in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $21.25, for a total value of $262,416.25. Following the completion of the transaction, the executive vice president now directly owns 84,345 shares in the company, valued at approximately $1,792,331. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Fifth Third Bancorp (NASDAQ:FITB) traded down 1.64% on Wednesday, hitting $20.95. The stock had a trading volume of 12,289,989 shares. Fifth Third Bancorp has a 1-year low of $15.43 and a 1-year high of $21.96. The stock has a 50-day moving average of $20.99 and a 200-day moving average of $19.. The company has a market cap of $18.495 billion and a P/E ratio of 10.62. Fifth Third Bancorp also was the recipient of unusually large options trading activity on Tuesday. Traders purchased 16,428 put options on the company. This is an increase of approximately 719% compared to the typical volume of 2,006 put options.
Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.42 by $0.01. During the same quarter last year, the company posted $0.43 earnings per share. On average, analysts predict that Fifth Third Bancorp will post $1.77 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on FITB shares. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Fifth Third Bancorp from $20.00 to $22.00 in a research note to investors on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Fifth Third Bancorp in a research note to investors on Friday, January 24th. They now have a $22.50 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Fifth Third Bancorp to $25.00 in a research note to investors on Friday, January 24th. They now have a “buy” rating on the stock. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Fifth Third Bancorp has an average rating of “Hold” and an average target price of $20.92.
Fifth Third Bancorp (NASDAQ:FITB) is a diversified financial services company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.