Fifth Third Bancorp (FITB) EVP Sells $1,183,000.00 in Stock
Fifth Third Bancorp (NASDAQ:FITB) EVP James C. Leonard sold 35,000 shares of Fifth Third Bancorp stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $33.80, for a total transaction of $1,183,000.00. Following the sale, the executive vice president now owns 101,091 shares in the company, valued at approximately $3,416,875.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Fifth Third Bancorp (FITB) traded up $0.58 during mid-day trading on Friday, hitting $33.45. 2,980,419 shares of the stock were exchanged, compared to its average volume of 5,379,518. Fifth Third Bancorp has a twelve month low of $23.20 and a twelve month high of $33.93. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.90 and a quick ratio of 0.89. The firm has a market capitalization of $23,200.84, a P/E ratio of 11.74, a P/E/G ratio of 1.85 and a beta of 1.36.
Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. Fifth Third Bancorp had a net margin of 27.08% and a return on equity of 9.65%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the company earned $0.49 earnings per share. research analysts forecast that Fifth Third Bancorp will post 2.3 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Advisor Group Inc. grew its position in shares of Fifth Third Bancorp by 19.7% during the third quarter. Advisor Group Inc. now owns 36,589 shares of the financial services provider’s stock worth $1,024,000 after buying an additional 6,033 shares in the last quarter. Pegasus Partners Ltd. boosted its holdings in Fifth Third Bancorp by 69.5% in the third quarter. Pegasus Partners Ltd. now owns 186,989 shares of the financial services provider’s stock worth $5,232,000 after purchasing an additional 76,647 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in Fifth Third Bancorp by 14.4% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 992,727 shares of the financial services provider’s stock worth $27,777,000 after purchasing an additional 125,124 shares during the period. Korea Investment CORP boosted its holdings in Fifth Third Bancorp by 2.2% in the third quarter. Korea Investment CORP now owns 269,823 shares of the financial services provider’s stock worth $7,550,000 after purchasing an additional 5,700 shares during the period. Finally, Hellman Jordan Management Co. Inc. MA acquired a new position in Fifth Third Bancorp in the third quarter worth $614,000. 84.01% 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.
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