Fifth Third Bancorp (NASDAQ:FITB)‘s stock had its “hold” rating reiterated by BMO Capital Markets in a research note issued to investors on Friday. They currently have a $32.00 price target on the financial services provider’s stock. BMO Capital Markets’ price target indicates a potential upside of 5.37% from the stock’s previous close.

Several other equities research analysts also recently commented on FITB. Jefferies Group reiterated a “hold” rating and issued a $28.00 price objective on shares of Fifth Third Bancorp in a report on Friday, August 11th. BidaskClub downgraded Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Sanford C. Bernstein restated a “market perform” rating and set a $31.00 price target (up from $29.00) on shares of Fifth Third Bancorp in a research note on Saturday, September 16th. Zacks Investment Research upgraded Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Monday, September 25th. Finally, Deutsche Bank restated a “hold” rating and set a $27.00 price target (up from $24.00) on shares of Fifth Third Bancorp in a research note on Tuesday, September 26th. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.38.

Fifth Third Bancorp (NASDAQ FITB) traded down $0.03 during midday trading on Friday, reaching $30.37. The company had a trading volume of 10,860,100 shares, compared to its average volume of 5,797,399. Fifth Third Bancorp has a 52 week low of $23.20 and a 52 week high of $31.83. The company has a market cap of $21,428.50, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 2.53 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 (NASDAQ:FITB) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. Fifth Third Bancorp had a return on equity of 9.58% and a net margin of 25.81%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the company earned $0.65 EPS. equities research analysts anticipate that Fifth Third Bancorp will post 1.79 EPS for the current year.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hellman Jordan Management Co. Inc. MA purchased a new position in Fifth Third Bancorp in the 3rd quarter worth approximately $614,000. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Fifth Third Bancorp by 0.9% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,370,533 shares of the financial services provider’s stock worth $206,228,000 after acquiring an additional 68,086 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Fifth Third Bancorp by 4.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 353,364 shares of the financial services provider’s stock worth $9,887,000 after acquiring an additional 13,855 shares in the last quarter. Truepoint Inc. purchased a new stake in shares of Fifth Third Bancorp during the 3rd quarter worth approximately $211,000. Finally, Opus Investment Management Inc. raised its holdings in shares of Fifth Third Bancorp by 181.5% during the 3rd quarter. Opus Investment Management Inc. now owns 36,600 shares of the financial services provider’s stock worth $1,024,000 after acquiring an additional 23,600 shares in the last quarter. 83.97% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This story was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/12/11/fifth-third-bancorp-fitb-receives-hold-rating-from-bmo-capital-markets.html.

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)

Receive News & Ratings for Fifth Third Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fifth Third Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.