Traders bought shares of Fifth Third Bancorp (NASDAQ:FITB) on weakness during trading on Thursday. $64.42 million flowed into the stock on the tick-up and $32.61 million flowed out of the stock on the tick-down, for a money net flow of $31.81 million into the stock. Of all companies tracked, Fifth Third Bancorp had the 14th highest net in-flow for the day. Fifth Third Bancorp traded down ($0.18) for the day and closed at $30.40

FITB has been the topic of a number of recent research reports. Wells Fargo & Company initiated coverage on Fifth Third Bancorp in a research note on Wednesday, August 9th. They set a “market perform” rating and a $27.00 price target on the stock. Jefferies Group reissued a “hold” rating and set a $28.00 price target on shares of Fifth Third Bancorp in a research note on Friday, August 11th. BidaskClub lowered Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Sanford C. Bernstein reissued a “market perform” rating and set a $31.00 price target (up from $29.00) on shares of Fifth Third Bancorp in a research note on Saturday, September 16th. Finally, Zacks Investment Research raised Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Monday, September 25th. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and two have assigned a buy rating to the stock. Fifth Third Bancorp currently has an average rating of “Hold” and a consensus target price of $28.23.

The company has a market capitalization of $21,717.79, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 2.56 and a beta of 1.35. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.89 and a quick ratio of 0.89.

Fifth Third Bancorp (NASDAQ:FITB) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.48 earnings per share for the quarter, hitting 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 previous year, the company posted $0.65 earnings per share. research analysts predict that Fifth Third Bancorp will post 1.79 earnings per share for the current fiscal year.

In other Fifth Third Bancorp news, EVP Timothy Spence sold 15,000 shares of Fifth Third Bancorp stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.38% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Commerce Bank increased its holdings in Fifth Third Bancorp by 1.0% in the second quarter. Commerce Bank now owns 16,552 shares of the financial services provider’s stock worth $430,000 after purchasing an additional 166 shares in the last quarter. Wesbanco Bank Inc. increased its holdings in shares of Fifth Third Bancorp by 0.6% during the second quarter. Wesbanco Bank Inc. now owns 32,103 shares of the financial services provider’s stock valued at $833,000 after acquiring an additional 200 shares in the last quarter. Walter & Keenan Financial Consulting Co. MI ADV increased its holdings in shares of Fifth Third Bancorp by 0.4% during the second quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 99,194 shares of the financial services provider’s stock valued at $2,575,000 after acquiring an additional 401 shares in the last quarter. Sawtooth Solutions LLC increased its holdings in shares of Fifth Third Bancorp by 4.6% during the second quarter. Sawtooth Solutions LLC now owns 10,531 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 465 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Fifth Third Bancorp by 1.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 38,331 shares of the financial services provider’s stock valued at $995,000 after acquiring an additional 612 shares in the last quarter. Institutional investors and hedge funds own 83.97% of the company’s stock.

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About Fifth Third Bancorp

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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