Fifth Third Bancorp (NASDAQ:FITB)‘s stock had its “hold” rating reaffirmed by equities researchers at Keefe, Bruyette & Woods in a research note issued to investors on Friday. They presently have a $26.50 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 9.23% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on FITB. Zacks Investment Research cut shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, February 27th. Hilliard Lyons cut shares of Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and set a $27.00 price objective on the stock. in a research report on Thursday, March 2nd. Evercore ISI cut shares of Fifth Third Bancorp from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd. Rafferty Capital Markets cut shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, March 7th. Finally, Compass Point upgraded shares of Fifth Third Bancorp from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 29th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $24.65.

Analyst Recommendations for Fifth Third Bancorp (NASDAQ:FITB)

Fifth Third Bancorp (NASDAQ:FITB) traded down 0.86% on Friday, reaching $24.26. 4,653,571 shares of the company traded hands. Fifth Third Bancorp has a one year low of $16.14 and a one year high of $28.97. The stock’s 50 day moving average price is $24.58 and its 200 day moving average price is $25.92. The company has a market capitalization of $18.20 billion, a PE ratio of 12.69 and a beta of 1.29.

Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Fifth Third Bancorp had a net margin of 22.53% and a return on equity of 10.15%. During the same quarter last year, the business posted $0.40 earnings per share. On average, equities research analysts predict that Fifth Third Bancorp will post $1.78 EPS for the current fiscal year.

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In other news, CAO Teresa J. Tanner sold 54,984 shares of the business’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $24.88, for a total transaction of $1,368,001.92. Following the completion of the sale, the chief accounting officer now directly owns 41,286 shares of the company’s stock, valued at $1,027,195.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Teresa J. Tanner sold 26,010 shares of the business’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $24.90, for a total transaction of $647,649.00. Following the sale, the chief accounting officer now directly owns 41,286 shares of the company’s stock, valued at $1,028,021.40. The disclosure for this sale can be found here. Insiders have sold 109,315 shares of company stock valued at $2,716,947 over the last three months. Insiders own 0.99% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Janus Capital Management raised its stake in shares of Fifth Third Bancorp by 1,172.7% in the third quarter. Janus Capital Management now owns 567,753 shares of the financial services provider’s stock worth $10,736,000 after buying an additional 523,142 shares in the last quarter. ICON Advisers raised its stake in shares of Fifth Third Bancorp by 118.6% in the third quarter. ICON Advisers now owns 482,190 shares of the financial services provider’s stock worth $9,118,000 after buying an additional 261,650 shares in the last quarter. Creative Planning raised its stake in shares of Fifth Third Bancorp by 70.5% in the fourth quarter. Creative Planning now owns 81,371 shares of the financial services provider’s stock worth $1,636,000 after buying an additional 33,660 shares in the last quarter. Nisa Investment Advisors raised its stake in shares of Fifth Third Bancorp by 4.4% in the fourth quarter. Nisa Investment Advisors now owns 412,906 shares of the financial services provider’s stock worth $8,299,000 after buying an additional 17,300 shares in the last quarter. Finally, Quantitative Systematic Strategies bought a new stake in shares of Fifth Third Bancorp during the fourth quarter worth about $1,004,000. 81.97% of the stock is owned by hedge funds and other institutional investors.

About Fifth Third Bancorp

Fifth Third Bancorp is a bank holding company and a financial holding company. The Company conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States.

12 Month Chart for NASDAQ:FITB

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