Fifth Third Bancorp (NASDAQ:FITB)‘s stock had its “hold” rating reiterated by stock analysts at BMO Capital Markets in a report issued on Friday. They presently have a $32.00 price target on the financial services provider’s stock. BMO Capital Markets’ price objective points to a potential upside of 5.37% from the stock’s current price.

Several other brokerages have also commented on FITB. Zacks Investment Research lowered shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a report on Friday, October 27th. UBS reissued a “sell” rating and issued a $26.00 price target (up previously from $25.00) on shares of Fifth Third Bancorp in a report on Friday, October 6th. Bank of America boosted their price target on shares of Fifth Third Bancorp from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Piper Jaffray Companies reissued a “hold” rating and issued a $27.00 price target on shares of Fifth Third Bancorp in a report on Tuesday, October 24th. Finally, Oppenheimer reissued a “hold” rating on shares of Fifth Third Bancorp in a report on Tuesday, October 24th. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating and two have given a buy rating to the stock. Fifth Third Bancorp currently has a consensus rating of “Hold” and an average price target of $28.38.

Fifth Third Bancorp (FITB) traded down $0.03 during trading hours on Friday, hitting $30.37. 10,860,100 shares of the stock traded hands, compared to its average volume of 5,797,399. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market cap of $21,428.50, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 2.53 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.

Fifth Third Bancorp (NASDAQ:FITB) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates 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 in the previous year, the firm earned $0.65 EPS. equities research analysts forecast that Fifth Third Bancorp will post 1.79 EPS for the current year.

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 transaction of $432,900.00. Following the sale, the executive vice president now 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 SEC, which is available at the SEC website. Insiders own 0.38% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Hellman Jordan Management Co. Inc. MA acquired a new position in shares of Fifth Third Bancorp during the 3rd quarter valued at about $614,000. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Fifth Third Bancorp by 0.9% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,370,533 shares of the financial services provider’s stock valued at $206,228,000 after acquiring an additional 68,086 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Fifth Third Bancorp by 4.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 353,364 shares of the financial services provider’s stock valued at $9,887,000 after acquiring an additional 13,855 shares during the last quarter. Truepoint Inc. acquired a new position in shares of Fifth Third Bancorp during the 3rd quarter valued at about $211,000. Finally, Opus Investment Management Inc. boosted its position in shares of Fifth Third Bancorp by 181.5% during the 3rd quarter. Opus Investment Management Inc. now owns 36,600 shares of the financial services provider’s stock valued at $1,024,000 after acquiring an additional 23,600 shares during the last quarter. 83.97% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Fifth Third Bancorp (NASDAQ:FITB)

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