Pennsylvania Trust Co purchased a new position in shares of Fifth Third Bancorp (NASDAQ:FITB) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,435 shares of the financial services provider’s stock, valued at approximately $202,000.

Other institutional investors have also bought and sold shares of the company. SRS Capital Advisors Inc. grew its holdings in Fifth Third Bancorp by 82.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,080 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 487 shares during the period. JOYN Advisors Inc. grew its holdings in Fifth Third Bancorp by 38.6% during the fourth quarter. JOYN Advisors Inc. now owns 1,722 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 480 shares during the period. First Command Bank grew its holdings in Fifth Third Bancorp by 2,825.0% during the first quarter. First Command Bank now owns 1,638 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 1,582 shares during the period. Executive Wealth Management LLC bought a new stake in shares of Fifth Third Bancorp during the fourth quarter worth approximately $69,000. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Fifth Third Bancorp by 2,225.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,765,315 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 1,689,396 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

In other news, CAO Teresa J. Tanner sold 55,600 shares of Fifth Third Bancorp stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $27.47, for a total value of $1,527,332.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Frank R. Forrest sold 26,000 shares of Fifth Third Bancorp stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $26.37, for a total transaction of $685,620.00. Following the completion of the sale, the executive vice president now owns 62,974 shares of the company’s stock, valued at $1,660,624.38. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

A number of equities research analysts have recently issued reports on FITB shares. Jefferies Financial Group upgraded Fifth Third Bancorp from a “hold” rating to a “buy” rating in a report on Monday, April 1st. Citigroup upgraded Fifth Third Bancorp from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $37.00 to $29.00 in a report on Wednesday, January 9th. ValuEngine cut Fifth Third Bancorp from a “sell” rating to a “strong sell” rating in a report on Monday, March 25th. Sandler O’Neill upgraded Fifth Third Bancorp from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Finally, Zacks Investment Research cut Fifth Third Bancorp from a “buy” rating to a “hold” rating in a report on Friday, January 11th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. Fifth Third Bancorp presently has a consensus rating of “Hold” and a consensus price target of $31.31.

NASDAQ FITB opened at $27.56 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.88 and a quick ratio of 0.88. Fifth Third Bancorp has a 1-year low of $22.12 and a 1-year high of $34.67. The company has a market capitalization of $17.84 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 1.27 and a beta of 1.32.

Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. Fifth Third Bancorp had a net margin of 27.32% and a return on equity of 12.34%. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the business earned $0.48 earnings per share. On average, sell-side analysts anticipate that Fifth Third Bancorp will post 2.79 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $0.22 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.19%. Fifth Third Bancorp’s payout ratio is 34.65%.

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Fifth Third Bancorp 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.

See Also: Cost of Equity For A Business, Investors

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

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