Fifth Third Bancorp (NASDAQ:FITB) was the target of some unusual options trading on Wednesday. Stock investors acquired 17,196 put options on the company. This is an increase of 3,574% compared to the typical volume of 468 put options.

FITB has been the subject of a number of research analyst reports. Zacks Investment Research raised Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Monday, September 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $29.00 target price on shares of Fifth Third Bancorp in a research report on Thursday, October 5th. Deutsche Bank reaffirmed a “hold” rating and set a $27.00 target price (up from $24.00) on shares of Fifth Third Bancorp in a research report on Tuesday, September 26th. BidaskClub lowered Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $28.00 target price on shares of Fifth Third Bancorp in a research report on Friday, August 11th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and two have assigned a buy rating to the stock. Fifth Third Bancorp presently has a consensus rating of “Hold” and an average target price of $28.23.

Fifth Third Bancorp (NASDAQ FITB) opened at $30.37 on Friday. The company has a market capitalization of $21,290.00, a price-to-earnings ratio of 16.99, a PEG ratio of 2.54 and a beta of 1.35. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.89 and a quick ratio of 0.89. Fifth Third Bancorp has a 1 year low of $23.20 and a 1 year high of $31.83.

Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.48 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. Fifth Third Bancorp had a return on equity of 9.58% and a net margin of 25.81%. During the same period in the previous year, the company posted $0.65 EPS. research analysts anticipate that Fifth Third Bancorp will post 1.79 earnings per share for the current year.

In other Fifth Third Bancorp news, EVP Timothy Spence sold 15,000 shares of Fifth Third Bancorp stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $28.86, for a total transaction of $432,900.00. Following the completion of the sale, the executive vice president now directly owns 154,577 shares of the company’s stock, valued at approximately $4,461,092.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.38% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commerce Bank grew its stake in Fifth Third Bancorp by 1.0% during the 2nd quarter. Commerce Bank now owns 16,552 shares of the financial services provider’s stock worth $430,000 after buying an additional 166 shares during the last quarter. Wesbanco Bank Inc. grew its stake in Fifth Third Bancorp by 0.6% during the 2nd quarter. Wesbanco Bank Inc. now owns 32,103 shares of the financial services provider’s stock worth $833,000 after buying an additional 200 shares during the last quarter. Walter & Keenan Financial Consulting Co. MI ADV grew its stake in Fifth Third Bancorp by 0.4% during the 2nd quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 99,194 shares of the financial services provider’s stock worth $2,575,000 after buying an additional 401 shares during the last quarter. Sawtooth Solutions LLC grew its stake in Fifth Third Bancorp by 4.6% during the 2nd quarter. Sawtooth Solutions LLC now owns 10,531 shares of the financial services provider’s stock worth $273,000 after buying an additional 465 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Fifth Third Bancorp by 1.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 38,331 shares of the financial services provider’s stock worth $995,000 after buying an additional 612 shares during the last quarter. 83.97% of the stock is owned by hedge funds and other institutional investors.

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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.

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