Fifth Third Bancorp (NASDAQ:FITB)‘s stock had its “hold” rating reiterated by stock analysts at Oppenheimer Holdings, Inc. in a report released on Tuesday.

Several other research firms also recently weighed in on FITB. UBS AG reaffirmed a “sell” rating and issued a $26.00 target price (up from $25.00) on shares of Fifth Third Bancorp in a report on Friday, October 6th. Zacks Investment Research raised Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Thursday, July 27th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $28.00 target price (up from $26.00) on shares of Fifth Third Bancorp in a report on Thursday, July 6th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $27.00 target price on shares of Fifth Third Bancorp in a report on Tuesday. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $27.50 target price on shares of Fifth Third Bancorp in a report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and two have issued a buy rating to the company’s stock. Fifth Third Bancorp currently has an average rating of “Hold” and an average target price of $28.08.

Shares of Fifth Third Bancorp (FITB) opened at 28.60 on Tuesday. The company’s 50-day moving average price is $27.39 and its 200 day moving average price is $25.96. Fifth Third Bancorp has a one year low of $20.83 and a one year high of $28.97. The company has a market cap of $21.07 billion, a P/E ratio of 14.50 and a beta of 1.37.

Fifth Third Bancorp (NASDAQ:FITB) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $1.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.87. Fifth Third Bancorp had a return on equity of 10.44% and a net margin of 21.83%. During the same period last year, the company earned $0.65 earnings per share. On average, equities research analysts anticipate that Fifth Third Bancorp will post $1.83 earnings per share for the current year.

Fifth Third Bancorp announced that its Board of Directors has initiated a share buyback program on Wednesday, June 28th that permits the company to buyback $1.16 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 67% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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In related news, EVP Frank R. Forrest sold 7,004 shares of Fifth Third Bancorp stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $26.21, for a total value of $183,574.84. Following the completion of the sale, the executive vice president now owns 71,793 shares in the company, valued at approximately $1,881,694.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. Sirios Capital Management L P acquired a new position in shares of Fifth Third Bancorp in the second quarter worth $10,693,000. Atwood & Palmer Inc. lifted its position in shares of Fifth Third Bancorp by 1.9% during the 4th quarter. Atwood & Palmer Inc. now owns 517,557 shares of the financial services provider’s stock worth $10,403,000 after purchasing an additional 9,643 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Fifth Third Bancorp by 1.9% during the 4th quarter. Wedge Capital Management L L P NC now owns 5,145,197 shares of the financial services provider’s stock worth $103,418,000 after purchasing an additional 93,854 shares during the last quarter. Boston Partners lifted its position in shares of Fifth Third Bancorp by 6.1% during the 4th quarter. Boston Partners now owns 36,384,562 shares of the financial services provider’s stock worth $731,330,000 after purchasing an additional 2,084,783 shares during the last quarter. Finally, Sadoff Investment Management LLC lifted its position in shares of Fifth Third Bancorp by 2.3% during the 3rd quarter. Sadoff Investment Management LLC now owns 1,132,998 shares of the financial services provider’s stock worth $23,181,000 after purchasing an additional 25,950 shares during the last quarter. Institutional investors and hedge funds own 79.55% of the company’s stock.

Fifth Third Bancorp Company Profile

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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