Crestline Management LP reduced its stake in Fifth Third Bancorp (NASDAQ:FITB) by 24.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,000 shares of the financial services provider’s stock after selling 21,000 shares during the period. Crestline Management LP’s holdings in Fifth Third Bancorp were worth $1,791,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Maltese Capital Management LLC raised its position in Fifth Third Bancorp by 5.1% during the third quarter. Maltese Capital Management LLC now owns 883,000 shares of the financial services provider’s stock valued at $24,706,000 after purchasing an additional 43,000 shares in the last quarter. Asset Management One Co. Ltd. raised its position in Fifth Third Bancorp by 0.6% during the third quarter. Asset Management One Co. Ltd. now owns 1,193,529 shares of the financial services provider’s stock valued at $33,374,000 after purchasing an additional 6,714 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in Fifth Third Bancorp by 2.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 168,190 shares of the financial services provider’s stock valued at $4,726,000 after purchasing an additional 3,500 shares in the last quarter. Pinebridge Investments L.P. raised its position in Fifth Third Bancorp by 3.6% during the third quarter. Pinebridge Investments L.P. now owns 572,278 shares of the financial services provider’s stock valued at $16,012,000 after purchasing an additional 19,776 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in Fifth Third Bancorp by 3.5% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 102,029 shares of the financial services provider’s stock valued at $2,855,000 after purchasing an additional 3,490 shares in the last quarter. Institutional investors and hedge funds own 83.97% of the company’s stock.

FITB has been the subject of several research analyst reports. Sanford C. Bernstein restated a “market perform” rating and set a $31.00 price objective (up from $29.00) on shares of Fifth Third Bancorp in a research report on Saturday, September 16th. Zacks Investment Research upgraded shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Monday, September 25th. Deutsche Bank reiterated a “hold” rating and set a $27.00 price target (up from $24.00) on shares of Fifth Third Bancorp in a report on Tuesday, September 26th. Nomura upped their price target on shares of Fifth Third Bancorp from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, September 28th. Finally, Instinet reiterated a “neutral” rating and set a $29.00 price target (up from $28.00) on shares of Fifth Third Bancorp in a report on Saturday, September 30th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and two have issued a buy rating to the company. Fifth Third Bancorp has a consensus rating of “Hold” and an average target price of $28.38.

In related news, EVP Timothy Spence sold 15,000 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $28.86, for a total value of $432,900.00. Following the completion of the sale, the executive vice president now directly owns 154,577 shares in the company, valued at $4,461,092.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.38% of the company’s stock.

Shares of Fifth Third Bancorp (FITB) opened at $30.30 on Tuesday. The firm has a market capitalization of $21,470.00, a price-to-earnings ratio of 16.87, a P/E/G ratio of 2.53 and a beta of 1.35. Fifth Third Bancorp has a 1-year low of $23.20 and a 1-year high of $31.83. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.93.

Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.48 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.48. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate 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 period in the prior 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.

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Fifth Third Bancorp 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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Institutional Ownership by Quarter for Fifth Third Bancorp (NASDAQ:FITB)

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