November 23, 2016 - By Dolores Ford
The EVP and CAO of Fifth Third Bancorp, Teresa Tanner lately got just $82,701 USD for 3,220 shares in the Fifth Third Bancorp firm at an approx. $25.7 of a share. Mr. Teresa right now has 84,654 shares, accounting for 0.01% of the company’s market cap.
Out of 26 analysts covering Fifth Third (NASDAQ:FITB), 5 rate it a “Buy”, 2 “Sell”, while 19 “Hold”. This means 19% are positive. $25 is the highest target while $16 is the lowest. The $21.38 average target is -18.21% below today’s ($26.14) stock price. Fifth Third has been the topic of 46 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of Fifth Third Bancorp (NASDAQ:FITB) has “Outperform” rating given on Wednesday, October 21 by Oppenheimer. The firm earned “Neutral” rating on Friday, October 2 by Goldman Sachs. The company was maintained on Friday, January 22 by Oppenheimer. The firm earned “Neutral” rating on Monday, June 6 by Citigroup. Evercore downgraded the shares of FITB in a report on Friday, April 1 to “Hold” rating. The stock has “Overweight” rating given by Stephens on Tuesday, March 8. JP Morgan maintained the shares of FITB in a report on Thursday, April 7 with “Neutral” rating. The firm has “Buy” rating by UBS given on Monday, October 24. The rating was initiated by Sterne Agee CRT with “Buy” on Thursday, August 20. The stock has “Outperform” rating given by RBC Capital Markets on Friday, January 22.
Insitutional Activity: The institutional sentiment decreased to 0.69 in 2016 Q2. Its down 0.19, from 0.88 in 2016Q1. The ratio worsened, as 45 funds sold all Fifth Third Bancorp shares owned while 206 reduced positions. 47 funds bought stakes while 174 increased positions. They now own 598.84 million shares or 1.34% less from 606.99 million shares in 2016Q1.
Walthausen Limited Liability Com has invested 0.02% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). Arizona State Retirement accumulated 0.07% or 269,575 shares. Federated Invsts Pa, a Pennsylvania-based fund reported 421,859 shares. Fukoku Mutual Life Ins accumulated 9,800 shares or 0.03% of the stock. Tokio Marine Asset Mgmt Company Ltd owns 27,792 shares or 0.05% of their US portfolio. Highbridge Limited Liability Co last reported 172,000 shares in the company. Citizens And Northern Corporation has invested 0.4% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). The Sweden-based Nordea Inv Management Ab has invested 0.08% in Fifth Third Bancorp (NASDAQ:FITB). Lmr Partners Ltd Liability Partnership accumulated 0.03% or 10,383 shares. Paradigm Asset Management Co Ltd Company holds 0% or 224,902 shares in its portfolio. Wellington Mgmt Gru Llp, a Massachusetts-based fund reported 1.33 million shares. Olstein Capital L P, a New York-based fund reported 489,000 shares. Ubs Asset Mngmt Americas last reported 3.12 million shares in the company. Gulf Bankshares (Uk) Limited accumulated 0.07% or 244,168 shares. Brandes Inv Prtnrs L P accumulated 0.14% or 530,963 shares.
Insider Transactions: Since November 10, 2016, the stock had 0 insider purchases, and 6 selling transactions for $3.36 million net activity. 17,689 shares with value of $414,807 were sold by CARMICHAEL GREG D on Thursday, November 10. The insider Leonard James C. sold 21,708 shares worth $510,355. Forrest Frank R. also sold $430,547 worth of Fifth Third Bancorp (NASDAQ:FITB) shares. Spence Timothy sold $578,750 worth of stock or 25,000 shares. Borton Chad M sold $496,341 worth of stock.
The stock increased 1.12% or $0.29 during the last trading session, hitting $26.14. About 9.33 million shares traded hands or 2.75% up from the average. Fifth Third Bancorp (NASDAQ:FITB) has risen 41.07% since April 21, 2016 and is uptrending. It has outperformed by 35.74% the S&P500.
Fifth Third Bancorp is a bank holding firm and a financial holding company. The company has a market cap of $19.88 billion. The Firm 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. It has a 11.65 P/E ratio. The Firm operates through four divisions: Commercial Banking, Branch Banking, Consumer Lending and Investment Advisors.
According to Zacks Investment Research, “Fifth Third Bancorp is a registered financial holding company and a multi-bank holding company. They engage primarily in commercial, retail and trust banking, data processing services, investment advisory services and leasing activities. In addition, the company provides credit life, accident, health and mortgage insurance, discount brokerage services and property management for its properties.”
More recent Fifth Third Bancorp (NASDAQ:FITB) news were published by: Businesswire.com which released: “Fifth Third Bancorp Announces Net Exercise of Vantiv Warrant and Associated ..” on November 22, 2016. Also Nasdaq.com published the news titled: “Strategy To YieldBoost Fifth Third Bancorp From 2% To 12.9% Using Options” on November 22, 2016. Nasdaq.com‘s news article titled: “Fifth Third Bancorp Reaches Analyst Target Price” with publication date: November 08, 2016 was also an interesting one.
Fifth Third Bancorp, incorporated on October 7, 1974, is a bank holding firm and a financial holding company. The Firm 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. The Firm operates through four divisions: Commercial Banking, Branch Banking, Consumer Lending and Investment Advisors. The Firm diversifies its loan and lease portfolio by offering a range of loan and lease products with various payment terms and rate structures. It offers commercial and industrial loans, commercial mortgage loans, commercial construction loans, commercial leases, residential mortgage loans, home equity, automobile loans, credit card, and other consumer loans and leases. The Firm offers various types of deposits, such as demand deposits, interest checking deposits, savings deposits, money market deposits, transaction deposits and other time deposits. The Company’s total deposits are approximately $103 billion. The Company’s total loans are approximately $93 billion.
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By Dolores Ford