Fifth Third Bancorp (NASDAQ:FITB) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Several other brokerages have also issued reports on FITB. Morgan Stanley reiterated an “equal weight” rating and issued a $28.00 price target (up previously from $26.00) on shares of Fifth Third Bancorp in a research note on Thursday, July 6th. BMO Capital Markets reiterated a “hold” rating and issued a $27.00 price target on shares of Fifth Third Bancorp in a research note on Friday, May 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $27.50 price target on shares of Fifth Third Bancorp in a research note on Friday. TheStreet lowered Fifth Third Bancorp from a “b” rating to a “c+” rating in a research note on Friday, May 26th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $28.00 price target on shares of Fifth Third Bancorp in a research note on Thursday, May 18th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have assigned a buy rating to the company. Fifth Third Bancorp has an average rating of “Hold” and a consensus target price of $26.24.

Fifth Third Bancorp (NASDAQ:FITB) traded down 0.80% during trading on Friday, reaching $26.08. The company’s stock had a trading volume of 5,390,835 shares. The stock has a market cap of $19.57 billion, a P/E ratio of 13.64 and a beta of 1.37. Fifth Third Bancorp has a 1-year low of $18.16 and a 1-year high of $28.97. The company’s 50 day moving average price is $24.66 and its 200-day moving average price is $25.83.

Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $0.38 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.38. Fifth Third Bancorp had a return on equity of 10.12% and a net margin of 22.64%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the company earned $0.40 EPS. Equities analysts forecast that Fifth Third Bancorp will post $1.79 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Wednesday, June 28th. Fifth Third Bancorp’s dividend payout ratio is 29.17%.

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In other news, CAO Teresa J. Tanner sold 26,010 shares of the business’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $24.90, for a total value of $647,649.00. Following the transaction, the chief accounting officer now directly owns 41,286 shares of the company’s stock, valued at approximately $1,028,021.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Teresa J. Tanner sold 54,984 shares of the business’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $24.88, for a total value of $1,368,001.92. Following the completion of the transaction, the chief accounting officer now directly owns 41,286 shares in the company, valued at $1,027,195.68. The disclosure for this sale can be found here. Insiders sold a total of 109,315 shares of company stock worth $2,716,947 over the last three months. 0.38% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in FITB. Winslow Evans & Crocker Inc. increased its position in shares of Fifth Third Bancorp by 3.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 123,683 shares of the financial services provider’s stock worth $3,208,000 after buying an additional 4,659 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of Fifth Third Bancorp by 507.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 121,878 shares of the financial services provider’s stock worth $3,164,000 after buying an additional 101,824 shares during the last quarter. National Pension Service raised its stake in shares of Fifth Third Bancorp by 20.6% in the second quarter. National Pension Service now owns 756,528 shares of the financial services provider’s stock worth $19,723,000 after buying an additional 129,021 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Fifth Third Bancorp by 8.6% in the second quarter. State of Alaska Department of Revenue now owns 37,243 shares of the financial services provider’s stock worth $966,000 after buying an additional 2,950 shares during the last quarter. Finally, Creative Planning raised its stake in shares of Fifth Third Bancorp by 3.4% in the second quarter. Creative Planning now owns 86,568 shares of the financial services provider’s stock worth $2,247,000 after buying an additional 2,825 shares during the last quarter. 80.47% of the stock is currently owned by 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.

Analyst Recommendations for Fifth Third Bancorp (NASDAQ:FITB)

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