Fifth Third Bancorp (NASDAQ:FITB) – Equities researchers at Wedbush dropped their Q4 2017 EPS estimates for shares of Fifth Third Bancorp in a note issued to investors on Friday. Wedbush analyst P. Winter now forecasts that the financial services provider will earn $0.49 per share for the quarter, down from their prior forecast of $0.50.

FITB has been the subject of a number of other research reports. Robert W. Baird lowered shares of Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and set a $24.00 price target for the company. in a report on Monday, October 2nd. Zacks Investment Research raised shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Wednesday, October 11th. Oppenheimer reissued a “hold” rating on shares of Fifth Third Bancorp in a report on Thursday. Nomura raised their price target on shares of Fifth Third Bancorp from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, October 26th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Fifth Third Bancorp in a report on Sunday. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $28.23.

Shares of Fifth Third Bancorp (FITB) opened at $30.37 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.93. The firm has a market cap of $21,428.50, a P/E ratio of 16.87, a P/E/G ratio of 2.53 and a beta of 1.35. Fifth Third Bancorp has a fifty-two week low of $23.20 and a fifty-two week high of $31.83.

Fifth Third Bancorp (NASDAQ:FITB) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. Fifth Third Bancorp had a net margin of 25.81% and a return on equity of 9.58%. During the same quarter last year, the business posted $0.65 earnings per share.

Several hedge funds have recently made changes to their positions in the company. Hellman Jordan Management Co. Inc. MA acquired a new position in shares of Fifth Third Bancorp in the 3rd quarter valued at $614,000. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Fifth Third Bancorp by 0.9% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,370,533 shares of the financial services provider’s stock valued at $206,228,000 after buying an additional 68,086 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Fifth Third Bancorp by 4.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 353,364 shares of the financial services provider’s stock valued at $9,887,000 after buying an additional 13,855 shares during the period. Truepoint Inc. acquired a new position in shares of Fifth Third Bancorp in the 3rd quarter valued at $211,000. Finally, Opus Investment Management Inc. grew its holdings in shares of Fifth Third Bancorp by 181.5% in the 3rd quarter. Opus Investment Management Inc. now owns 36,600 shares of the financial services provider’s stock valued at $1,024,000 after buying an additional 23,600 shares during the period. 83.97% of the stock is owned by institutional investors.

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 shares were 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 owns 154,577 shares of the company’s stock, valued at approximately $4,461,092.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is currently owned by insiders.

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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.

Earnings History and Estimates for Fifth Third Bancorp (NASDAQ:FITB)

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