23,850 Shares in Fifth Third Bancorp $FITB Bought by Allstate Corp

Allstate Corp acquired a new position in shares of Fifth Third Bancorp (NASDAQ:FITB) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 23,850 shares of the financial services provider’s stock, valued at approximately $1,063,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Fifth Third Bancorp by 3.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 168,037 shares of the financial services provider’s stock worth $7,340,000 after buying an additional 5,034 shares during the period. Maryland State Retirement & Pension System raised its stake in Fifth Third Bancorp by 3.1% during the 3rd quarter. Maryland State Retirement & Pension System now owns 32,574 shares of the financial services provider’s stock valued at $1,451,000 after acquiring an additional 994 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Fifth Third Bancorp by 1.7% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 29,741 shares of the financial services provider’s stock worth $1,325,000 after acquiring an additional 505 shares during the period. Richardson Financial Services Inc. lifted its position in Fifth Third Bancorp by 5.3% during the 3rd quarter. Richardson Financial Services Inc. now owns 7,990 shares of the financial services provider’s stock worth $356,000 after acquiring an additional 403 shares during the period. Finally, Pinnacle Financial Partners Inc grew its stake in shares of Fifth Third Bancorp by 9.3% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 13,032 shares of the financial services provider’s stock valued at $581,000 after purchasing an additional 1,107 shares during the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fifth Third Bancorp

In related news, EVP Jude Schramm sold 2,250 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $48.50, for a total transaction of $109,125.00. Following the transaction, the executive vice president owned 129,191 shares of the company’s stock, valued at approximately $6,265,763.50. This represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Barclays upped their price target on Fifth Third Bancorp from $51.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Jefferies Financial Group upped their price objective on shares of Fifth Third Bancorp from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Janney Montgomery Scott raised their target price on shares of Fifth Third Bancorp from $51.00 to $56.25 and gave the stock a “buy” rating in a research note on Wednesday. Stephens boosted their price target on shares of Fifth Third Bancorp from $54.00 to $57.00 and gave the stock an “overweight” rating in a research note on Thursday, December 18th. Finally, Morgan Stanley set a $60.00 price target on shares of Fifth Third Bancorp and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Seventeen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Fifth Third Bancorp currently has an average rating of “Moderate Buy” and an average target price of $55.06.

Key Headlines Impacting Fifth Third Bancorp

Here are the key news stories impacting Fifth Third Bancorp this week:

• Positive Sentiment: Q4 results beat and strong NII — FITB reported better-than-expected Q4 EPS and record net interest income, driven by higher loan demand, fees and lower provisions; management highlighted positive operating leverage and raised 2026 outlook. Q4 Press Release
• Positive Sentiment: Analyst upgrades and higher price targets — Multiple firms (RBC, Wolfe, Piper Sandler, Janney, Keefe) raised price targets and kept overweight/outperform stances after the quarter, signaling renewed sell‑side conviction. Analyst PTs
• Positive Sentiment: Comerica acquisition seen as catalyst — Management and analysts say the Comerica deal should materially boost scale, drive >30% NII lift and accelerate account/loan growth; MarketBeat frames FITB at an inflection with double‑digit upside. MarketBeat Inflection
• Positive Sentiment: Product/digital traction — The new banking app and continued branch/digital investments reportedly drove higher engagement and originations, supporting fee income and deposit dynamics. PYMNTS
• Positive Sentiment: Dividend and capital return story — Coverage highlights FITB as a high‑yield dividend name with growing buybacks and a payout ratio below 40%, which supports yield-focused investor demand. Zacks Dividend Story
• Neutral Sentiment: Integration activity — Reports show Comerica staff reductions as consolidation advances; layoffs imply near‑term integration activity and cost savings but also execution and morale risks. Detroit News
• Negative Sentiment: Valuation and skepticism — Some analysts and op‑eds warn valuation looks full after the post‑earnings move and raise concerns around Comerica integration, flat loan/deposit growth in parts of the business and lingering execution risk. Seeking Alpha

Fifth Third Bancorp Stock Up 5.5%

Shares of NASDAQ FITB opened at $52.86 on Thursday. The firm’s 50-day moving average is $46.50 and its two-hundred day moving average is $44.50. The company has a market capitalization of $34.94 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.08 and a beta of 0.97. Fifth Third Bancorp has a 12-month low of $32.25 and a 12-month high of $52.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.82 and a quick ratio of 0.82.

Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.08. Fifth Third Bancorp had a return on equity of 13.72% and a net margin of 19.50%.The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the business posted $0.85 EPS. The firm’s quarterly revenue was up 63.1% compared to the same quarter last year. Equities analysts anticipate that Fifth Third Bancorp will post 3.68 EPS for the current fiscal year.

Fifth Third Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Fifth Third Bancorp’s payout ratio is currently 45.20%.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp is a Cincinnati, Ohio–based bank holding company whose primary banking subsidiary operates as Fifth Third Bank. The company provides a broad range of financial services to individual consumers, small businesses, middle-market companies and large corporations. Its business mix includes retail and commercial banking, lending, payment and card services, treasury and cash management, and wealth management and investment advisory services delivered through a combination of branch locations, commercial offices and digital platforms.

On the consumer side, Fifth Third offers deposit accounts, consumer loans, mortgages, auto financing and credit card products, along with digital banking and mobile services.