ValuEngine upgraded shares of Fifth Third Bancorp (NASDAQ:FITB) from a sell rating to a hold rating in a research report released on Wednesday, ValuEngine reports.

A number of other equities analysts also recently weighed in on FITB. BidaskClub downgraded shares of Fifth Third Bancorp from a buy rating to a hold rating in a report on Tuesday, May 14th. Zacks Investment Research downgraded shares of Fifth Third Bancorp from a buy rating to a hold rating in a report on Friday, April 26th. UBS Group boosted their target price on shares of Fifth Third Bancorp from $28.00 to $30.00 and gave the stock a neutral rating in a report on Wednesday, April 24th. Barclays boosted their target price on shares of Fifth Third Bancorp from $33.00 to $34.00 and gave the stock an equal weight rating in a report on Wednesday, April 24th. Finally, BMO Capital Markets boosted their target price on shares of Fifth Third Bancorp from $30.00 to $33.00 and gave the stock a market perform rating in a report on Thursday, April 25th. They noted that the move was a valuation call. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Fifth Third Bancorp has a consensus rating of Buy and an average price target of $31.64.

NASDAQ FITB opened at $26.50 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 0.89. Fifth Third Bancorp has a 12-month low of $22.12 and a 12-month high of $32.01. The company has a market capitalization of $19.75 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 1.35 and a beta of 1.36.

Fifth Third Bancorp (NASDAQ:FITB) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.04. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $1.67 billion. Fifth Third Bancorp had a net margin of 26.80% and a return on equity of 11.77%. During the same period in the previous year, the company earned $0.57 earnings per share. On average, analysts predict that Fifth Third Bancorp will post 2.77 EPS for the current fiscal year.

In other Fifth Third Bancorp news, EVP Frank R. Forrest sold 26,000 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $26.37, for a total value of $685,620.00. Following the transaction, the executive vice president now directly owns 62,974 shares in the company, valued at $1,660,624.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Teresa J. Tanner sold 55,600 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $27.47, for a total transaction of $1,527,332.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,727 shares of company stock worth $2,302,901. Corporate insiders own 0.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the business. Unison Advisors LLC increased its holdings in shares of Fifth Third Bancorp by 0.7% in the first quarter. Unison Advisors LLC now owns 56,420 shares of the financial services provider’s stock valued at $1,435,000 after purchasing an additional 403 shares during the last quarter. Executive Wealth Management LLC boosted its position in shares of Fifth Third Bancorp by 14.8% in the first quarter. Executive Wealth Management LLC now owns 3,390 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 437 shares during the period. AlphaMark Advisors LLC boosted its position in shares of Fifth Third Bancorp by 0.3% in the first quarter. AlphaMark Advisors LLC now owns 143,945 shares of the financial services provider’s stock valued at $3,630,000 after acquiring an additional 437 shares during the period. JOYN Advisors Inc. boosted its position in shares of Fifth Third Bancorp by 38.6% in the fourth quarter. JOYN Advisors Inc. now owns 1,722 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 480 shares during the period. Finally, SRS Capital Advisors Inc. boosted its position in shares of Fifth Third Bancorp by 82.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,080 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 487 shares during the period. Hedge funds and other institutional investors own 81.88% of the company’s stock.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers.

Further Reading: What is a Fiduciary?

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Analyst Recommendations for Fifth Third Bancorp (NASDAQ:FITB)

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