Bank of The Ozarks raised its stake in shares of Fifth Third Bancorp (NASDAQ:FITB) by 232.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,976 shares of the financial services provider’s stock after buying an additional 19,559 shares during the period. Bank of The Ozarks’ holdings in Fifth Third Bancorp were worth $726,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Assetmark Inc. raised its stake in Fifth Third Bancorp by 0.7% in the first quarter. Assetmark Inc. now owns 4,770 shares of the financial services provider’s stock valued at $121,000 after buying an additional 32 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Fifth Third Bancorp by 7.1% in the first quarter. Quadrant Capital Group LLC now owns 5,581 shares of the financial services provider’s stock valued at $138,000 after buying an additional 370 shares during the last quarter. Sterling Investment Advisors Ltd. raised its stake in Fifth Third Bancorp by 20.8% in the first quarter. Sterling Investment Advisors Ltd. now owns 5,800 shares of the financial services provider’s stock valued at $147,000 after buying an additional 1,000 shares during the last quarter. YorkBridge Wealth Partners LLC raised its stake in Fifth Third Bancorp by 5.4% in the first quarter. YorkBridge Wealth Partners LLC now owns 5,816 shares of the financial services provider’s stock valued at $142,000 after buying an additional 298 shares during the last quarter. Finally, Duncker Streett & Co. Inc. raised its stake in Fifth Third Bancorp by 0.3% in the second quarter. Duncker Streett & Co. Inc. now owns 6,491 shares of the financial services provider’s stock valued at $168,000 after buying an additional 17 shares during the last quarter. 80.50% of the stock is owned by hedge funds and other institutional investors.

Shares of Fifth Third Bancorp (NASDAQ FITB) opened at 27.14 on Thursday. The firm’s 50-day moving average is $26.20 and its 200-day moving average is $25.73. The stock has a market capitalization of $20.05 billion, a price-to-earnings ratio of 13.76 and a beta of 1.37. Fifth Third Bancorp has a one year low of $18.94 and a one year high of $28.97.

Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings data on Friday, July 21st. The financial services provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.03. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Fifth Third Bancorp had a return on equity of 10.44% and a net margin of 21.83%. The business’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 earnings per share. Equities research analysts forecast that Fifth Third Bancorp will post $1.83 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Wednesday, June 28th. Fifth Third Bancorp’s dividend payout ratio (DPR) is presently 28.43%.

Fifth Third Bancorp announced that its board has approved a share buyback plan on Wednesday, June 28th that allows the company to repurchase $1.16 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 67% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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Several equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BidaskClub raised shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $27.50 price target on shares of Fifth Third Bancorp in a research report on Friday, July 14th. Wells Fargo & Company assumed coverage on shares of Fifth Third Bancorp in a research report on Wednesday. They set a “market perform” rating and a $27.00 price target for the company. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $28.00 price target (up previously from $27.00) on shares of Fifth Third Bancorp in a research report on Tuesday, July 25th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have issued a buy rating to the company. Fifth Third Bancorp currently has a consensus rating of “Hold” and an average target price of $26.54.

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

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