Compass Point upgraded shares of Fifth Third Bancorp (NASDAQ:FITB) from a neutral rating to a buy rating in a research report released on Wednesday. Compass Point currently has $23.20 price objective on the financial services provider’s stock.

A number of other research analysts have also recently commented on FITB. Deutsche Bank AG restated a hold rating and set a $17.00 price objective on shares of Fifth Third Bancorp in a research note on Wednesday, May 18th. Jefferies Group restated a buy rating and set a $21.00 price objective (up previously from $19.50) on shares of Fifth Third Bancorp in a research note on Friday, May 27th. Citigroup Inc. boosted their price objective on Fifth Third Bancorp from $19.00 to $20.00 and gave the stock a neutral rating in a research note on Monday, June 6th. Susquehanna cut Fifth Third Bancorp from a positive rating to a neutral rating and set a $20.00 price objective on the stock. in a research note on Tuesday, June 7th. Finally, Morgan Stanley cut Fifth Third Bancorp from an overweight rating to an equal weight rating and reduced their price objective for the stock from $21.00 to $20.00 in a research note on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Fifth Third Bancorp has a consensus rating of Hold and a consensus target price of $20.41.

Shares of Fifth Third Bancorp (NASDAQ:FITB) opened at 20.63 on Wednesday. The company’s 50-day moving average is $19.69 and its 200-day moving average is $18.27. Fifth Third Bancorp has a 12-month low of $13.84 and a 12-month high of $21.14. The stock has a market cap of $15.81 billion, a P/E ratio of 10.05 and a beta of 1.27.

Fifth Third Bancorp (NASDAQ:FITB) last issued its quarterly earnings data on Thursday, July 28th. The financial services provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate 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 previous year, the firm earned $0.36 EPS. On average, equities research analysts anticipate that Fifth Third Bancorp will post $1.60 earnings per share for the current year.

Several large investors have recently made changes to their positions in FITB. Global X Management Co. LLC increased its stake in shares of Fifth Third Bancorp by 117.7% in the second quarter. Global X Management Co. LLC now owns 6,234 shares of the financial services provider’s stock worth $110,000 after buying an additional 3,371 shares during the period. Brick & Kyle Associates increased its stake in shares of Fifth Third Bancorp by 46.1% in the first quarter. Brick & Kyle Associates now owns 6,660 shares of the financial services provider’s stock worth $111,000 after buying an additional 2,100 shares during the period. Acrospire Investment Management LLC bought a new stake in shares of Fifth Third Bancorp during the first quarter worth approximately $112,000. Advisory Services Network LLC increased its stake in shares of Fifth Third Bancorp by 153.2% in the second quarter. Advisory Services Network LLC now owns 6,375 shares of the financial services provider’s stock worth $112,000 after buying an additional 3,857 shares during the period. Finally, Duncker Streett & Co. Inc. increased its stake in shares of Fifth Third Bancorp by 0.3% in the second quarter. Duncker Streett & Co. Inc. now owns 6,419 shares of the financial services provider’s stock worth $113,000 after buying an additional 20 shares during the period. Institutional investors own 80.07% of the company’s stock.

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.

5 Day Chart for NASDAQ:FITB

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