Fifth Third Bancorp (FITB) SVP Sells $246,075.00 in Stock

Fifth Third Bancorp (NASDAQ:FITB) SVP Mark D. Hazel sold 7,500 shares of Fifth Third Bancorp stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $32.81, for a total value of $246,075.00. Following the completion of the transaction, the senior vice president now directly owns 62,254 shares of the company’s stock, valued at $2,042,553.74. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Fifth Third Bancorp (NASDAQ:FITB) traded up $0.32 during mid-day trading on Wednesday, reaching $32.34. The company’s stock had a trading volume of 5,342,861 shares, compared to its average volume of 5,010,000. The firm has a market cap of $22,820.00, a P/E ratio of 11.35, a P/E/G ratio of 2.07 and a beta of 1.36. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.90 and a quick ratio of 0.89. Fifth Third Bancorp has a fifty-two week low of $23.20 and a fifty-two week high of $33.91.

Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.58 billion. Fifth Third Bancorp had a return on equity of 9.65% and a net margin of 27.08%. During the same quarter in the previous year, the business earned $0.49 EPS. equities research analysts expect that Fifth Third Bancorp will post 2.28 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.64 dividend on an annualized basis and a yield of 1.98%. Fifth Third Bancorp’s dividend payout ratio (DPR) is currently 22.46%.

Several research firms have recently weighed in on FITB. BidaskClub raised Fifth Third Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Morgan Stanley lifted their price objective on Fifth Third Bancorp from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Vining Sparks reissued a “buy” rating and issued a $35.00 price objective on shares of Fifth Third Bancorp in a research report on Sunday, January 28th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $35.00 price objective on shares of Fifth Third Bancorp in a research report on Wednesday, January 24th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $36.00 price objective on shares of Fifth Third Bancorp in a research report on Wednesday, January 24th. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $30.70.

A number of hedge funds have recently added to or reduced their stakes in FITB. Bank of Montreal Can boosted its stake in Fifth Third Bancorp by 83.1% during the 4th quarter. Bank of Montreal Can now owns 3,058,088 shares of the financial services provider’s stock valued at $92,783,000 after purchasing an additional 1,388,121 shares during the last quarter. APG Asset Management N.V. boosted its stake in Fifth Third Bancorp by 334.2% during the 4th quarter. APG Asset Management N.V. now owns 1,193,299 shares of the financial services provider’s stock valued at $30,150,000 after purchasing an additional 918,500 shares during the last quarter. Rockefeller Financial Services Inc. boosted its stake in Fifth Third Bancorp by 118.9% during the 4th quarter. Rockefeller Financial Services Inc. now owns 1,597,736 shares of the financial services provider’s stock valued at $48,475,000 after purchasing an additional 867,916 shares during the last quarter. PGGM Investments boosted its stake in Fifth Third Bancorp by 170.3% during the 4th quarter. PGGM Investments now owns 896,600 shares of the financial services provider’s stock valued at $27,203,000 after purchasing an additional 564,850 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Fifth Third Bancorp by 60.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 900,214 shares of the financial services provider’s stock valued at $27,336,000 after purchasing an additional 338,960 shares during the last quarter. Institutional investors and hedge funds own 85.66% of the company’s stock.

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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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