Fifth Third Bancorp (NASDAQ:FITB) had its price target lifted by Deutsche Bank AG from $21.00 to $24.00 in a report released on Wednesday. Deutsche Bank AG currently has a hold rating on the financial services provider’s stock.

Other research analysts have also recently issued reports about the stock. Wedbush boosted their target price on shares of Fifth Third Bancorp from $25.00 to $26.00 and gave the stock a neutral rating in a research report on Wednesday. Jefferies Group reissued a buy rating on shares of Fifth Third Bancorp in a research report on Wednesday, August 3rd. Oppenheimer Holdings Inc. reissued a hold rating on shares of Fifth Third Bancorp in a research report on Thursday, October 20th. Zacks Investment Research raised shares of Fifth Third Bancorp from a hold rating to a buy rating and set a $23.00 target price on the stock in a research report on Tuesday, October 4th. Finally, Compass Point cut shares of Fifth Third Bancorp from a buy rating to a neutral rating in a research report on Friday, November 18th. Three research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $21.07.

Fifth Third Bancorp (NASDAQ:FITB) opened at 26.02 on Wednesday. Fifth Third Bancorp has a 12 month low of $13.84 and a 12 month high of $26.62. The stock has a market capitalization of $19.66 billion, a P/E ratio of 11.54 and a beta of 1.20. The firm’s 50-day moving average is $22.58 and its 200 day moving average is $19.92.

Fifth Third Bancorp (NASDAQ:FITB) last announced its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.24. Fifth Third Bancorp had a net margin of 24.69% and a return on equity of 10.00%. During the same quarter in the previous year, the business earned $0.45 EPS. On average, equities analysts anticipate that Fifth Third Bancorp will post $1.88 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in FITB. HighPoint Advisor Group LLC purchased a new position in shares of Fifth Third Bancorp during the third quarter valued at approximately $200,000. D.A. Davidson & CO. boosted its position in shares of Fifth Third Bancorp by 593.1% in the third quarter. D.A. Davidson & CO. now owns 110,310 shares of the financial services provider’s stock valued at $2,255,000 after buying an additional 94,395 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Fifth Third Bancorp during the third quarter valued at approximately $5,207,000. Price T Rowe Associates Inc. MD boosted its position in shares of Fifth Third Bancorp by 7.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 48,837,458 shares of the financial services provider’s stock valued at $999,214,000 after buying an additional 3,534,549 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC boosted its position in shares of Fifth Third Bancorp by 11.1% in the third quarter. Quantitative Systematic Strategies LLC now owns 23,354 shares of the financial services provider’s stock valued at $474,000 after buying an additional 2,330 shares during the last quarter. Institutional investors own 81.31% of the company’s stock.

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.

5 Day Chart for NASDAQ:FITB

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