Fifth Third Bancorp (NASDAQ:FITB) Shares Acquired Rep. David Taylor

Key Points

• Rep. David Taylor purchased between $1,001 and $15,000 of Fifth Third Bancorp (FITB) on August 26 through his trust brokerage account.
• Fifth Third shares opened at $54.93, with the stock up 0.1%; the company has a $49.82 billion market capitalization and pays a quarterly dividend of $0.40 per share, yielding about 2.9%.
• The bank’s latest quarterly results narrowly missed EPS estimates but exceeded revenue expectations, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $60.54.

Representative David Taylor (Republican-Ohio) recently bought shares of Fifth Third Bancorp (NASDAQ:FITB). In a filing disclosed on September 05th, the Representative disclosed that they had bought between $1,001 and $15,000 in Fifth Third Bancorp stock on August 26th. The trade occurred in the Representative's "DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)" account.

Representative David Taylor also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Amgen NASDAQ: AMGN on 8/26/2026.
• Sold $1,001 - $15,000 in shares of Vertex Pharmaceuticals NASDAQ: VRTX on 8/26/2026.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 8/26/2026.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 8/26/2026.
• Purchased $1,001 - $15,000 in shares of American Electric Power NASDAQ: AEP on 8/26/2026.
• Purchased $1,001 - $15,000 in shares of Installed Building Products NYSE: IBP on 8/14/2026.
• Sold $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 8/11/2026.
• Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 8/11/2026.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 8/11/2026.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 7/24/2026.

Fifth Third Bancorp Trading Up 0.1%

Shares of Fifth Third Bancorp stock opened at $54.93 on Tuesday. The firm has a market cap of $49.82 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 1.09 and a beta of 0.89. Fifth Third Bancorp has a 52-week low of $40.04 and a 52-week high of $59.50. The company's 50-day simple moving average is $56.59 and its 200-day simple moving average is $52.04. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.59.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.83 EPS for the quarter, missing analysts' consensus estimates of $0.84 by ($0.01). Fifth Third Bancorp had a net margin of 15.89% and a return on equity of 12.39%. The firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the previous year, the business earned $0.88 EPS. Fifth Third Bancorp's revenue for the quarter was up 45.8% on a year-over-year basis. As a group, equities research analysts anticipate that Fifth Third Bancorp will post 4.1 earnings per share for the current year.

Fifth Third Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Tuesday, June 30th. Fifth Third Bancorp's payout ratio is 54.61%.

Institutional Investors Weigh In On Fifth Third Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Center for Financial Planning Inc. acquired a new stake in Fifth Third Bancorp in the first quarter valued at $25,000. SouthState Bank Corp lifted its holdings in shares of Fifth Third Bancorp by 74.7% in the 1st quarter. SouthState Bank Corp now owns 552 shares of the financial services provider's stock worth $26,000 after purchasing an additional 236 shares during the last quarter. Monetary Solutions Ltd acquired a new position in shares of Fifth Third Bancorp during the fourth quarter valued at $29,000. Clearstead Trust LLC bought a new position in Fifth Third Bancorp in the 2nd quarter worth about $29,000. Finally, Leonteq Securities AG bought a new position in shares of Fifth Third Bancorp in the fourth quarter worth $30,000. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. DA Davidson boosted their target price on shares of Fifth Third Bancorp from $63.00 to $65.00 and gave the stock a "buy" rating in a research report on Monday, July 20th. Argus raised shares of Fifth Third Bancorp to a "strong-buy" rating in a research report on Wednesday, July 22nd. Morgan Stanley boosted their price target on Fifth Third Bancorp from $60.00 to $64.00 and gave the company an "overweight" rating in a research report on Monday, June 29th. Truist Financial boosted their price objective on shares of Fifth Third Bancorp from $57.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. Finally, JPMorgan Chase & Co. increased their target price on Fifth Third Bancorp from $61.00 to $62.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $60.54.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio's 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Taylor (Republican Party) ran for election to the U.S. House to represent Ohio's 2nd Congressional District. He won in the general election on November 5, 2024. David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor's career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

Fifth Third Bancorp Company Profile

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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