Key Points
- EVP Peter Sefzik sold 20,000 shares of Fifth Third Bancorp on April 28 at an average price of $50.46, totaling $1,009,200, reducing his holdings by 9.55% to 189,382 shares.
- Fifth Third reported quarterly EPS $0.83 (vs. a -$0.04 consensus) on $2.86 billion in revenue and recently paid a $0.40 quarterly dividend (annualized $1.60, yield ~3.2%).
- The stock trades near $49.79 with a 12‑month range of $35.18–$55.44, a market cap of $45.09 billion and a P/E of 16.71; analysts give a consensus rating of "Moderate Buy" with a target of $57.11.
Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) EVP Peter Sefzik sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $50.46, for a total transaction of $1,009,200.00. Following the sale, the executive vice president owned 189,382 shares of the company's stock, valued at approximately $9,556,215.72. The trade was a 9.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Fifth Third Bancorp Trading Down 1.0%
NASDAQ:FITB opened at $49.79 on Thursday. Fifth Third Bancorp has a 12 month low of $35.18 and a 12 month high of $55.44. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. The firm's 50 day moving average is $48.15 and its 200 day moving average is $47.22. The stock has a market capitalization of $45.09 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95.
Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last announced its quarterly earnings data on Friday, April 17th. The financial services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.87. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.91 billion. Fifth Third Bancorp had a return on equity of 12.39% and a net margin of 15.89%.During the same period in the prior year, the company earned $0.71 earnings per share. Sell-side analysts expect that Fifth Third Bancorp will post 4 earnings per share for the current year.
Fifth Third Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.60 annualized dividend and a dividend yield of 3.2%. Fifth Third Bancorp's payout ratio is 53.69%.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on FITB. Citigroup increased their target price on Fifth Third Bancorp from $50.00 to $53.00 and gave the stock a "neutral" rating in a research report on Friday, January 23rd. DA Davidson reiterated a "buy" rating and set a $58.00 price objective on shares of Fifth Third Bancorp in a research note on Monday, April 20th. Robert W. Baird raised their target price on Fifth Third Bancorp from $55.00 to $56.00 and gave the stock an "outperform" rating in a research note on Monday, April 20th. Janney Montgomery Scott lifted their target price on Fifth Third Bancorp from $51.00 to $56.25 and gave the company a "buy" rating in a report on Wednesday, January 21st. Finally, Wolfe Research decreased their price target on Fifth Third Bancorp from $57.00 to $55.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Fifth Third Bancorp presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.11.
Get Our Latest Stock Analysis on FITB
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in FITB. Westside Investment Management Inc. raised its position in shares of Fifth Third Bancorp by 100.0% in the third quarter. Westside Investment Management Inc. now owns 584 shares of the financial services provider's stock worth $26,000 after buying an additional 292 shares in the last quarter. Harbor Investment Advisory LLC grew its position in Fifth Third Bancorp by 501.9% during the fourth quarter. Harbor Investment Advisory LLC now owns 620 shares of the financial services provider's stock worth $29,000 after buying an additional 517 shares in the last quarter. Monetary Solutions Ltd bought a new position in Fifth Third Bancorp in the 4th quarter worth about $29,000. Leonteq Securities AG purchased a new stake in shares of Fifth Third Bancorp in the 4th quarter valued at about $30,000. Finally, Reflection Asset Management purchased a new stake in shares of Fifth Third Bancorp in the 4th quarter valued at about $30,000. Institutional investors own 83.79% of the company's stock.
About Fifth Third Bancorp
(
Get Free Report)
Fifth Third Bancorp is a Cincinnati, Ohio–based bank holding company whose primary banking subsidiary operates as Fifth Third Bank. The company provides a broad range of financial services to individual consumers, small businesses, middle-market companies and large corporations. Its business mix includes retail and commercial banking, lending, payment and card services, treasury and cash management, and wealth management and investment advisory services delivered through a combination of branch locations, commercial offices and digital platforms.
On the consumer side, Fifth Third offers deposit accounts, consumer loans, mortgages, auto financing and credit card products, along with digital banking and mobile services.
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