Fifth Third Bancorp (NASDAQ:FITB) – Investment analysts at Jefferies Group lowered their Q4 2017 earnings estimates for Fifth Third Bancorp in a research note issued on Friday. Jefferies Group analyst K. Usdin now anticipates that the financial services provider will post earnings of $0.49 per share for the quarter, down from their previous estimate of $0.50.

FITB has been the topic of a number of other 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 on the stock. in a research 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 on the stock in a research report on Wednesday, October 11th. Oppenheimer reaffirmed a “hold” rating on shares of Fifth Third Bancorp in a research report on Thursday. Nomura lifted their price objective on shares of Fifth Third Bancorp from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Fifth Third Bancorp in a research report on Sunday. Four research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $28.23.

Fifth Third Bancorp (NASDAQ:FITB) opened at $30.37 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.93. Fifth Third Bancorp has a 12-month low of $23.20 and a 12-month high of $31.83. The firm has a market cap of $21,428.50, a PE ratio of 16.87, a P/E/G ratio of 2.53 and a beta of 1.35.

Fifth Third Bancorp (NASDAQ:FITB) last released 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. Fifth Third Bancorp had a net margin of 25.81% and a return on equity of 9.58%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the firm earned $0.65 earnings per share.

Large investors have recently modified their holdings of the stock. Prudential Financial Inc. grew its stake in Fifth Third Bancorp by 1.5% during the second quarter. Prudential Financial Inc. now owns 2,234,087 shares of the financial services provider’s stock valued at $57,997,000 after acquiring an additional 33,660 shares in the last quarter. Principal Financial Group Inc. grew its stake in Fifth Third Bancorp by 4.9% during the second quarter. Principal Financial Group Inc. now owns 1,472,742 shares of the financial services provider’s stock valued at $38,232,000 after acquiring an additional 68,859 shares in the last quarter. Capital Fund Management S.A. grew its stake in Fifth Third Bancorp by 69.8% during the second quarter. Capital Fund Management S.A. now owns 321,226 shares of the financial services provider’s stock valued at $8,339,000 after acquiring an additional 132,047 shares in the last quarter. Amalgamated Bank grew its stake in Fifth Third Bancorp by 58.0% during the second quarter. Amalgamated Bank now owns 84,592 shares of the financial services provider’s stock valued at $2,196,000 after acquiring an additional 31,048 shares in the last quarter. Finally, Alps Advisors Inc. grew its stake in Fifth Third Bancorp by 27.6% during the second quarter. Alps Advisors Inc. now owns 13,773 shares of the financial services provider’s stock valued at $358,000 after acquiring an additional 2,983 shares in the last quarter. 83.97% of the stock is owned by institutional investors.

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

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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.

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

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