Winslow Evans & Crocker Inc. cut its stake in Fifth Third Bancorp (NASDAQ:FITB) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,872 shares of the financial services provider’s stock after selling 9,360 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Fifth Third Bancorp were worth $2,460,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. raised its stake in Fifth Third Bancorp by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 20,366,757 shares of the financial services provider’s stock valued at $339,921,000 after buying an additional 81,851 shares during the period. Norges Bank bought a new stake in Fifth Third Bancorp during the fourth quarter valued at $192,634,000. Geode Capital Management LLC raised its stake in Fifth Third Bancorp by 0.6% in the first quarter. Geode Capital Management LLC now owns 6,981,349 shares of the financial services provider’s stock valued at $116,300,000 after buying an additional 44,688 shares during the period. BlackRock Group LTD raised its stake in Fifth Third Bancorp by 1.4% in the first quarter. BlackRock Group LTD now owns 6,582,956 shares of the financial services provider’s stock valued at $109,869,000 after buying an additional 94,050 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in Fifth Third Bancorp by 0.3% in the first quarter. UBS Asset Management Americas Inc. now owns 4,042,503 shares of the financial services provider’s stock valued at $67,469,000 after buying an additional 12,179 shares during the period. Hedge funds and other institutional investors own 80.07% of the company’s stock.

Fifth Third Bancorp (NASDAQ:FITB) traded down 0.39% on Friday, hitting $20.46. The company had a trading volume of 11,059,730 shares. The company has a market capitalization of $15.68 billion, a P/E ratio of 9.97 and a beta of 1.27. The stock’s 50-day moving average price is $19.49 and its 200 day moving average price is $18.15. Fifth Third Bancorp has a one year low of $13.84 and a one year high of $21.14.

Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings results on Thursday, July 28th. The financial services provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. Fifth Third Bancorp had a return on equity of 9.25% and a net margin of 23.36%. During the same quarter in the prior year, the company posted $0.36 EPS. On average, analysts expect that Fifth Third Bancorp will post $1.60 EPS for the current fiscal year.

A number of brokerages have recently commented on FITB. Evercore ISI lowered Fifth Third Bancorp to a “hold” rating and set a $18.00 price target for the company. in a report on Friday, July 15th. Citigroup Inc. upped their price target on Fifth Third Bancorp from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, June 6th. Deutsche Bank AG reiterated a “hold” rating on shares of Fifth Third Bancorp in a research report on Wednesday, June 15th. Credit Suisse Group AG reiterated a “sell” rating on shares of Fifth Third Bancorp in a research report on Tuesday, July 12th. Finally, Oppenheimer Holdings Inc. cut Fifth Third Bancorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating and eleven have assigned a buy rating to the company. Fifth Third Bancorp currently has a consensus rating of “Hold” and a consensus target price of $20.27.

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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