Fifth Third Bancorp (NASDAQ:FITB) – Equities researchers at Jefferies Group reduced their Q4 2017 EPS estimates for shares of Fifth Third Bancorp in a research report issued on Friday. Jefferies Group analyst K. Usdin now anticipates that the financial services provider will post earnings per share of $0.49 for the quarter, down from their prior forecast of $0.50.

Fifth Third Bancorp (NASDAQ:FITB) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.48 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.55 billion. Fifth Third Bancorp had a net margin of 25.81% and a return on equity of 9.58%. During the same period last year, the firm earned $0.65 EPS.

FITB has been the topic of several other reports. Zacks Investment Research downgraded shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. UBS restated a “sell” rating and set a $26.00 price objective (up from $25.00) on shares of Fifth Third Bancorp in a research report on Friday, October 6th. Macquarie downgraded shares of Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $28.47 to $26.00 in a research report on Friday, November 17th. Instinet restated a “neutral” rating and set a $29.00 price objective (up from $28.00) on shares of Fifth Third Bancorp in a research report on Saturday, September 30th. Finally, 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. Four research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $28.38.

Shares of Fifth Third Bancorp (NASDAQ FITB) opened at $30.45 on Monday. The company has a market cap of $21,379.11, a price-to-earnings ratio of 16.83, a PEG ratio of 2.52 and a beta of 1.35. Fifth Third Bancorp has a 52-week low of $23.20 and a 52-week high of $31.83. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.89 and a current ratio of 0.89.

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

Several large investors have recently modified their holdings of the business. Commerce Bank grew its stake in shares of Fifth Third Bancorp by 1.0% in the 2nd quarter. Commerce Bank now owns 16,552 shares of the financial services provider’s stock worth $430,000 after buying an additional 166 shares in the last quarter. Wesbanco Bank Inc. grew its stake in shares of Fifth Third Bancorp by 0.6% in the 2nd quarter. Wesbanco Bank Inc. now owns 32,103 shares of the financial services provider’s stock worth $833,000 after buying an additional 200 shares in the last quarter. Sawtooth Solutions LLC grew its stake in shares of Fifth Third Bancorp by 4.6% in the 2nd quarter. Sawtooth Solutions LLC now owns 10,531 shares of the financial services provider’s stock worth $273,000 after buying an additional 465 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Fifth Third Bancorp by 1.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 38,331 shares of the financial services provider’s stock worth $995,000 after buying an additional 612 shares in the last quarter. Finally, Greenwood Capital Associates LLC grew its stake in shares of Fifth Third Bancorp by 5.6% in the 2nd quarter. Greenwood Capital Associates LLC now owns 12,535 shares of the financial services provider’s stock worth $325,000 after buying an additional 660 shares in the last quarter. 83.97% of the stock is owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for Fifth Third Bancorp (NASDAQ:FITB)

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