Fifth Third Bancorp (NASDAQ:FITB)‘s stock had its “sell” rating restated by investment analysts at Robert W. Baird in a research report issued on Wednesday. They presently have a $29.00 price objective on the financial services provider’s stock. Robert W. Baird’s price target indicates a potential downside of 4.70% from the company’s current price.

A number of other brokerages have also issued reports on FITB. Nomura raised their price target on Fifth Third Bancorp from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, September 28th. Barclays raised their price target on Fifth Third Bancorp from $31.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Zacks Investment Research lowered Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Instinet reissued a “neutral” rating and issued a $29.00 price target (up from $28.00) on shares of Fifth Third Bancorp in a research note on Saturday, September 30th. Finally, Deutsche Bank reissued a “hold” rating and issued 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, eighteen have issued a hold rating and three have assigned a buy rating to the company. Fifth Third Bancorp has a consensus rating of “Hold” and a consensus target price of $29.23.

Fifth Third Bancorp (NASDAQ FITB) traded up $0.09 during trading on Wednesday, reaching $30.43. The company’s stock had a trading volume of 8,378,700 shares, compared to its average volume of 5,865,150. Fifth Third Bancorp has a 12 month low of $23.20 and a 12 month high of $31.83. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $21,470.00, a P/E ratio of 11.48, a P/E/G ratio of 2.22 and a beta of 1.35.

Fifth Third Bancorp (NASDAQ:FITB) last announced 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 analysts’ expectations 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 quarter last year, the business posted $0.65 earnings per share. equities analysts anticipate that Fifth Third Bancorp will post 1.79 EPS for the current fiscal 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 transaction 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.38% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Horan Capital Advisors LLC. purchased a new stake in Fifth Third Bancorp during the 3rd quarter worth approximately $102,000. Global X Management Co. LLC increased its holdings in Fifth Third Bancorp by 117.7% during the 2nd quarter. Global X Management Co. LLC now owns 6,234 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 3,371 shares during the last quarter. Brick & Kyle Associates increased its holdings in shares of Fifth Third Bancorp by 46.1% in the 1st quarter. Brick & Kyle Associates now owns 6,660 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 2,100 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in shares of Fifth Third Bancorp in the 1st quarter valued at approximately $112,000. Finally, Advisory Services Network LLC increased its holdings in shares of Fifth Third Bancorp by 153.2% in the 2nd quarter. Advisory Services Network LLC now owns 6,375 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 3,857 shares during the last quarter. 83.84% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This piece of content was originally posted by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/03/fifth-third-bancorps-fitb-sell-rating-reaffirmed-at-robert-w-baird.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.